Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/jh-blades-acquires-energy-rival-burke-daniels.shtml

J.H. Blades acquires energy rival Burke-Daniels

J.H. Blades & Co., Inc. has bought rival wholesale broker Burke-Daniels Co. Inc. Terms of the deal were not disclosed.

[an error occurred while processing this directive]

Edit page New page Hide edit links

J.H. Blades & Co., Inc.

J.H. Blades & Co., Inc. has bought rival wholesale broker Burke-Daniels Co. Inc. Terms of the deal were not disclosed.

Part of Cooper Gay Swett & Crawford (CGSC), one of the world's largest independent global wholesale, underwriting management and reinsurance broking groups, J.H. Blades will now place in excess of $250m of property, control of well and casualty premiums via contract and open brokerage into the US and London markets each year.

Richard Martin, CEO of J.H. Blades said: 'We source nearly 20% of the US-based upstream oil and gas premium at Lloyd's each year via long-established contracts placed by London brokers including CGNMB. We have additional contracts in place in the US and, with the open market contacts introduced by the Burke-Daniels team, our retailers can now access 95% of the relevant capacity in the market.'

Tags: Inc., J.H. Blades & Co.