Thomas Miller, the international provider of insurance, professional and investment services, is pleased to confirm that the Financial Conduct Authority (FCA) has approved its proposed acquisition of Osprey Holdings, parent company of Osprey Underwriting Agency (Osprey), a provider of marine and aerospace insurance products, announced on 15th October 2015.
Osprey, which was established in 1991, offers a broad range of marine insurance products, and has recently diversified into aerospace. Its growth has come from delivering fixed premium P&I and related insurance solutions to niche markets around the world, and was one of the first such dedicated Agencies to do so in the London insurance market.
Acquisition of Osprey expands Thomas Miller’s product range, both in terms of the products offered by Osprey, but also in expanding Thomas Miller’s managing agency capability. Osprey operates in areas adjacent to Thomas Miller’s existing activities and represents a significant step in its plans for further growth in the managing agency sector.
Completion of the Osprey acquisition is expected this year.