29 November 2019Insurance

Cooper Gay France grows MGA business with Tokio Marine Kiln purchase

Cooper Gay France (CGF), which recently rebranded as Ed Broking, is expanding its European MGA business with the acquisition of Tokio Marine Kiln Europe SA (TMKE).

The deal to buy TMK’s Belgium headquartered service company will unite the TMKE lines of credit and surety, cyber, space and accident & health. The purchasing firm said it joins two complementary businesses and provides greater geographical and product diversity for the firm’s specialties property & catastrophe, sports, reinsurance and marine lines.

“The combined business, to be named Cooper Gay, will have 55 staff across Belgium, France, Germany, Martinique and the UK. It will be headed by Frédéric Chappaz, current CEO of Cooper Gay France,” the company said in a statement.

Chappaz said: “Since its launch in 2003, CGF has successfully developed through organic growth, and the time is now right to accelerate that growth through acquisitions. We are delighted to have come to this agreement with Tokio Marine Kiln, a longstanding business partner with whom we have worked closely for nearly 20 years.

“I know our new colleagues in Frankfurt, Paris and Liege are as excited as I am about what we can achieve together. And I look forward to working with them as we build a truly pan-European MGA.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
15 November 2019   He joins from Chubb and brings a wealth of experience in specialist markets
Insurance
30 October 2019   There is plenty of opportunity in the Asia-Pacific region for Tokio Marine Kiln (TMK), the issue is accessing the right opportunities, in the right fashion.