Kaufman Financial Group acquires specialty insurance company

The H.W. Kaufman Financial Group, the Michigan-based parent company of Burns & Wilcox Canada, has announced the acquisition of Global Excess Partners, a specialty insurance organization, for an undisclosed amount.

New York City-based Global Excess Partners was founded in 1997 and offers underwriting programs on behalf of Lloyd’s and other carriers and is focused on large and middle market property accounts.

With this deal, Global Excess Partners will be able to expand its capabilities to offer underwriting services for businesses and organizations in Canada, Kaufman noted in its announcement of the deal.

“Global Excess Partners shares the Kaufman Financial Group’s passion for delivering unique insurance solutions coupled with an unrivaled commitment to client service,” Kaufman’s chairman, president and CEO Alan Jay Kaufman, commented in the statement.  

“We are excited to expand its reach to the Canadian market and offer clients enhanced capabilities and property capacity.”  

The company will operate as an independent entity within the global Kaufman Financial Group network, the statement said.

“The Kaufman Financial Group understands the necessity for Global Excess Partners to maintain our distinctive underwriting integrity,” Diarmuid Hogan, president and CEO of Global Excess Partners noted in the statement.

“The transaction allows Global Excess Partners to retain our independence while having the full backing of the multi-national Kaufman Financial Group to expand our services, reach new markets, invest in talent and remain in position for future growth.”

Specializing in insurance distribution, brokerage, underwriting, premium financing, inspections, audits, risk management and third party claims administration, the Kaufman Financial Group has more than 1,200 employees and 45 offices across the United States, Canada and London.