Acquisition Announcement

Sande Investments Limited, the parent company of Lime Street Insurance Brokers Limited (« Lime Street ») has acquired Houlder Insurance Services Limited (« Houlder »), a broker Lloyd’s.

Paul Nugent, Lime Street’s CEO said « In purchasing Houlder we recognise that, not has Lime Street been afforded the opportunity to acquire a mature book of marine and specialty business, but also one of the oldest, established Lloyd’s broking firms with a global footprint. »

Dr Ma, director of Houlder’s parent company, said « China Merchants Holdings (UK) Limited, expressed a desire to exit London Market insurance broking and to find a buyer that is equally committed to delivering professional broking services to our long standing clients and staff. We believe that Lime Street will do just that. We are also pleased that the Houlder name will continue to be used in the marine and product recall markets where it has been synonymous with the Lloyds market for so many years. »