BGC Partners is to buy the independent Besso Insurance' of London insurance broker, Lloyds, which focuses on property, casualty, aviation, marine, professional and financial risks and reinsurance. BGC is looking to "establish a new vertical" and in the long-term "build a sizable insurance brokerage division within the Company" says President of BGC Partners Shaun D. Lynn.
BGC Partners is to buy the independent Lloyds' of London insurance broker, Besso Insurance, which focuses on property, casualty, aviation, marine, professional and financial risks and reinsurance. BGC is looking to "establish a new vertical" and in the long-term "build a sizable insurance brokerage division within the Company" says President of BGC Partners Shaun D. Lynn.