Sherman & Company served as financial advisor to Global Excess Partners
Deal Expands Kaufman's Capabilities in Large Property Accounts & Deepens Lloyd's Relationship
NEW YORK, NY (April 2, 2013) -- The H.W. Kaufman Financial Group today announced the acquisition of Global Excess Partners, a New York City-based specialty insurance organization. Global Excess Partners offers underwriting programs on behalf of Lloyd's and other leading carriers and is focused on large and middle market property accounts.
"Global Excess Partners shares the Kaufman Financial Group's passion for delivering unique insurance solutions coupled with an unrivaled commitment to client service," said Alan Jay Kaufman, Chairman, President and CEO, Kaufman Financial Group. "We are excited to establish a significant New York City presence and offer clients greater capabilities and property capacity, while making our business more globally competitive."
Global Excess Partners will retain its entire leadership team, staff and office in New York. The company will operate as an independent entity within the global Kaufman Financial Group network.
"The Kaufman Financial Group understands the necessity for Global Excess Partners to maintain our distinctive underwriting integrity," said Diarmuid Hogan, President and CEO, Global Excess Partners. "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, invest in talent and remain in position for future growth."
Sherman & Company served as financial advisor to Global Excess Partners on the transaction.
About Kaufman Financial Group
Founded in 1969 and headquartered in Detroit/Farmington Hills, Michigan, The H.W. Kaufman Financial Group includes a global network of companies that serve insurance brokers, agents and carriers. Specializing in insurance distribution, brokerage, underwriting, premium financing, inspections, audits, risk management and third party claims administration, the Kaufman Financial Group employs more than 1,200 professionals spanning 45 offices across the United States, Canada and London. More information can be found at www.kaufmanfinancialgroup.com.
About Global Excess Partners
Global Excess Partners/GEP II LLC is a specialty insurance organization with full binding authority on behalf of international and domestic insurance markets. Founded in 1997 in New York City, the company provides extensive and exclusive capacity in commercial property insurance for global Fortune 1000 companies and middle market businesses.