A Locke Lord team led by Nick Jennings (London) is advising Novatae Risk Group (Novatae) in its acquisition of London-based Bretton Woods International (BWI). Novatae is a full-service wholesale insurance brokerage, managing general agency and program manager providing brokers and their clients with specialty insurance products and services for complex and hard-to-place risks across property, casualty, workers’ compensation, cyber, professional, management, construction, environmental, garage, inland marine/ocean marine and more. BWI is a specialized insurance broker focusing on open market and program placements, covering complex contingency, accident and health, cyber, professional liability, management risk and general liability. The transaction is subject to regulatory approvals and completion of other closing conditions. For more information, see the press release. Additional assistance was provided by Nick Elwell-Sutton, Charlotte Whitley-Roberts, Neale Christy and Kirsty Harrower (all of London), Alan Levin (New York and Hartford) and Ben Henry (Chicago).
Posted on March 14, 2024