Cooper Gay talks

Daily Mail - - City & Finance -

LONDON-based rein­sur­ance bro­ker Cooper Gay is in ‘ad­vanced’ merger talks with US bro­ker Swett & Craw­ford. This would cre­ate the world’s largest in­de­pen­dent global whole­sale and rein­sur­ance bro­ker, the duo said.

It would be led by Cooper Gay boss Toby Esser and em­ploy 1,500 staff in 60 of­fices world­wide. To­gether the bro­kers place £2.4bn in an­nual premi­ums in mar­kets such as Lloyd’s of London. Cooper Gay has been re­peat­edly tipped as likely to float on the stock mar­ket, so the merger may make a list­ing even more likely.

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