RK Harrison reorganises to split into four “stables”

London-based broking group RK Harrison has split into four trading units.

Last week, the company created Bowood Insurance Brokers to become the group’s specialist delegated authority broker. It has now added three further specialist trading businesses.

RK Harrison Insurance Brokers will look after the group’s specialty lines, such as London-based property, casualty, energy, treaty reinsurance and construction.

RK Harrison Insurance Services will manage business previously handled by the UK division of RK Harrison Insurance Brokers.

RK Harrison Financial Risks will combine the trade credit business of IRC (Europe) with the political risks and structured credit business of RK Harrison Insurance Brokers and its recently-formed reinsurance division.

The new platform will be known as RKH Group.

Paul Bridgwater, the group’s chief executive, said the changes “will allow us to evolve as a stable of strong brands”. The restructure should be completed by October.