Brown & Brown acquires MGA Premier Commercial
Brown & Brown (Europe) Ltd, part of Brown & Brown , has acquired 100% of the share capital of Premier Commercial Ltd (“PremCo”), an Edinburgh based MGA and Lloyd’s Coverholder.
PremCo specializes in niche construction sector property and complex liability programs.
PremCo was established in 1995 by Crawford and Joyce Boyd. Crawford will continue to lead the business reporting to Barry Driscoll, Chief Trading Officer of Brown & Brown Europe’s MGA division.
“PremCo meets all the key criteria we look for in an MGA. A strong cultural fit, niche products, excellent underwriting performance and attractive organic growth prospects. The business will be complementary to Camberford Underwriting, which is also in the MGA division, adding construction specialisation and strengthening our offering to brokers and their customers. This transaction is a perfect fit for us as we have known and worked with Crawford for many years. The team have a great combination of youth and experience and as part of our MGA division, the opportunity to drive further shared success. We are excited to work with Crawford and all our new teammates.” – Clive Nathan, CEO, Underwriting, Brown & Brown Europe.