The Board of specialist insurance and reinsurance broking group THB Group plc has reached agreement to sell THB Clowes to the Lloyd’s broker Ellis Clowes & Company Limited, headed by Karen Ellis.
THB Group CEO Frank Murphy said:
“Karen has a long-held ambition to start her own brokerage and after amicable discussions we concluded that it would be beneficial to the future growth of both businesses, to agree to part. I would like to thank Karen and her team for their contribution to THB and wish them the very best with their new venture.”
Source : THB Press Release
