CBC UK, a wholly owned subsidiary of the Besso Group, has acquired H Bernstein Insurance Brokers for an undisclosed sum.

Based in North London, Bernstein is a retail broker operating in personal lines, commercial and motor insurance.

CBC chairman and chief executive, Colin Bird, said: “[The acquisition] is in line with the Group's strategic plan and the company, which has talented people, will thus strengthen our retail business in the UK”.

David Robson, chairman of Bernstein, added: “We have continued to expand but the needs of our clients are becoming ever more complex in this country and abroad. We felt that integrating into a company which gives us close links to the Lloyds and international markets was an obvious step to enable us to continue to fulfil our role on behalf of our clients."

Topics