THB, the specialist insurance, reinsurance and risk management business, has announced a new acquisition to enhance its risk management proposition.
Property Risk Management Limited (“PRM”) provides a range of risk management services to owners and operators of UK commercial and residential properties. It will form part of THB’s Risk Management division, which helps commercial clients manage their occupational road (motor fleet), ergonomic, environmental, health and safety and property risks.
THB Group chief executive, Frank Murphy, commented:
“This acquisition is an excellent complement to our existing risk management services. We have already invested in this sector with the acquisition of Cardinus in 2007 and now, with the acquisition of PRM, we see exciting opportunities for the further growth of the merged operations.”
