Henderson snaps up Corporate Risk Systems

UK based Henderson Insurance Brokers has acquired Corporate Risk Systems (CRS).

CRS, which provides health and safety training and consultancy services, has been merged with Henderson Risk Management, creating a new enlarged business with headquarters in Leeds, UK, and trading under the CRS brand.

The new, enlarged CRS business has about 40 staff, including 30 employees who have come from CRS, and will be run by CRS managing director Stephen Asbury.

Joe Henderson, Henderson Insurance Brokers’ chief executive, said: “CRS has great expertise in risk management and they are a good fit in terms of the size and location of the company.

“Henderson Insurance Brokers is committed to risk management whereas other people play at it to some degree. We now have a nice sized business with the merger of the two companies.

“The purchase has given us access to many more advisers, increased the training and risk assessment products and services we can offer and underpins the activities of our risk managers and safety consultants.”

Two Hull-based companies provided professional services on the deal, which was for an undisclosed sum: Andrew Jackson Solicitors for the legal advice, and Smailes Goldie Chartered Accountants the finances.

In a separate deal, Henderson has also appointed general insurance company Hall Rhodes as an authorised representative.

Hall Rhodes, which has about 10 employees, and is based in the Leeds area, will place insurance, claims, risk management and credit guarantees helped by Henderson who will deal with any regulatory issues.