Consortium acquires Lloyd's operator Whittington

Run-off specialist Tawa, marine insurer Skuld and Bermuda-domiciled (re)insurer Paraline Group have acquired Whittington Insurance Markets.

Whittington Insurance Markets, a turnkey specialist helping businesses start up at Lloyd’s, was originally sold to the consortium in September but now the deal has been given full regulatory and Lloyd’s approval.

Whittington Insurance Markets is the London arm of Whittington Group. Singapore-based Whittington Group is an insurance investor and services provider.