Kastor Holdings Ltd., a London-based holding company for insurance brokers, said Monday it has acquired Dallas-based general agent BritAmerica Management Group Inc. and its subsidiary BMG Insurance Brokers Ltd.
Terms of the transaction were not disclosed.
Founded in 2002, BritAmerica is a specialist equine, livestock and pet MGA licensed to write business in all 50 states and trades internationally through its Lloyd’s of London broker BMG.
BritAmerica and BMG will remain under the leadership of Simon Hall, its current CEO and President. Jeff Nelson will continue as executive vice president and COO of BritAmerica and Andrew Wood as director of BMG, Kastor said in a statement.
Kastor owns Lloyd̵7;s brokerage house Ramon International Insurance Brokers Ltd. and Sanctuary Insurance Brokers Ltd., as well as Ramon Korea Ltd. It bought a majority stake in Seoul-based CKI Korea in September.
Nick Andrews, CEO of Kastor; Clive Edwards, COO of Ramon International; and Paul Wells, director of Kastor, will join the boards of BritAmerica and BMG as directors.
Dominika Wojtyczka, divisional director of operations at BMG, and Beverley Curtis, deputy chief operating officer of Ramon International, will also serve on BMG’s board, subject to regulatory approval.