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AssuredPartners London to buy Lloyd's broker B&W

AssuredPartners London agreed to acquire Lloyd's of London broker B&W Brokers Ltd., subject to regulatory approval expected in the coming weeks.

Following the approval, Michael Bender will move with his team to AssuredPartners London to continue running the B&W business, which specializes in property and casualty insurance services.

The announcement comes after AssuredPartners London's parent, U.S. broker AssuredPartners Inc., recently achieved its 200th acquisition since its founding in 2011.