EC3 Brokers Limited

In December 2017 the Group acquired a 20% stake in EC3 Brokers Limited (‘EC3’);

EC3 is an independent specialist Lloyd’s (re)insurance broker which provides services to a wide array of clients across a number of sectors, with a focus in the US, UK and Middle Eastern markets;

This provided the Group with the opportunity to invest in a well-established Lloyd’s broker with growth potential;

As part of this transaction, a major shareholder exited the business.