Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 21st of May 2019
November 21, 2007

RK Harrison Buys IRC Europe

by Stewart Douglas

Story link: RK Harrison Buys IRC Europe

R K Harrison Holdings have today announced they have succeeded in their bid to acquire insurance group Indemnity & Risk Management and their held subsidiary International Risk Consultants (Europe) in a move that will see the group extend its reach into diverse insurance markets.

R K Harrison Holdings, parent of brokers R K Harrison Insurance has today announced it has acquired the business and assets of IRM in a move that will see them control and operate the leading IRC Europe brand, in a move designed to expand its insurance operation both in terms of geographic reach and physical size.

IRC Europe provide brokering services for trade creditors, working with clients in a consultative process to determine the optimal level and stytle of cover to clients throughout the Eurozone primarily. The acquisition by RKHH will see the company expand its speciality service lines, along with its in house capabilities.

Speaking today on the move, chief executive of R K Harrison Holdings Paul Bridgwater suggested that the company has made an excellent acquisition in IRC, largely down to the subsidiary’s specialist service provision and raw technical expertise in a diversified insurance market portfolio.

It is thought that following the move IRC Europe will retain its current structure and branding, with a view to building on the success of the company at present and the strong reputation the enjoy within the market.

It has also been suggested that the acquisition would pave the way for further cross selling platforms for both busiensses, targeting each other’s clients in a bid to leverage sales.

The move is yet a further example of R K Harrison Holdings’ aggressive approach to expansion and business development within the insurance industry, following several other high profile acquisitions over the last few months.

 

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