Reinsurance intermediary Benfield Group said its wholly owned US subsidiary Crawley Warren had acquired an additional 43% of the share capital of International Space Brokers (ISB).
ISB, a dedicated space insurance broker, is a corporation formed by New York broker Frank Crystal & Co with net assets of US$1.5m.
Following the acquisition, Benfield Group now owns 86% of the issued share capital of ISB.
Benfield's chief executive officer of international operations, David Spiller, said the acquisition would allow the group to grow its position within the space insurance market.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
