Lloyd's insurer purchases K Drewe and Look
Lloyd's insurer Canopius has acquired UK leisure brokers K Drewe Insurance Brokers and Look Insurance Services for an undisclosed sum.
K Drewe, a wholesale broker, specialises in caravan, holiday home, park home, marine leisure and pet insurance. It is well known to Canopius, having operated as a coverholder for caravan business to Syndicate 4444 for many years. Look, an appointed representative of K Drewe, is a retail broker which focuses on the direct leisure insurance market.
“The acquisition of K Drewe and Look expands our UK retail insurance distribution channels," said Canopius chairman Michael Watson in a statement. "With their specialist focus and highly regarded brands, these companies augment our capabilities in an increasingly important segment of our portfolio.”
Roger Harvey, chief operating officer of K Drewe, added: "The K Drewe and Look teams are delighted to be joining Canopius. As part of a larger group we will be better placed to ensure the continuity and quality of service that our brokers and customers value.”
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