Lloyd's broker Thompson Heath & Bond (THB) is in takeover discussions with US-based wholesale broking group AmWINS.
THB said the discussions may or may not lead to an offer from AmWINS for THB's entire issued share capital, and that further announcements would be made when necessary.
AmWINS is headquartered in Charlotte, North Carolina and places more than $5bn of premium annually. It employs more than 2,000 people in over 70 offices in 17 countries. This includes 50 locations in the US.
In addition to broking, AmWINS offers a range of support services and including product development, underwriting, premium and claims administration and actuarial functions.
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