Kane Insurance Management completed the acquisition of HSBC Insurance Management (HIM).
The company is now the largest global, independent insurance manager and offers an extensive range of services, including: captive management, insurance-linked securities administration and life, pension and investment administration.
The company also announced the appointment of Keith Tozzi as group chairman and Roy Fellowes as global managing director. Tozzi has held numerous chairmanships of public and private companies. He also has a track record in leading firms through periods of structural change. Fellowes was previously CEO of HIM and in his new role will be responsible for driving the group’s global strategy.
“This is a fantastic achievement for Kane and we are all extremely proud of how we have successfully united these two companies to create a truly international platform from which to deliver our expert, independent advice," said Stephen May, group CEO of Kane. "Our aim now is to enhance our existing customer relationships, create new ones, build on our range of world-class services, grow our industry-leading team and seek new opportunities to strengthen our leading position in the insurance management arena.”