Lloyd's broker THB sells motorsport division in MBO
The board of specialist insurance and reinsurance broking group THB Group today said it had reached agreement to sell THB Clowes to the Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
THB Group CEO Frank Murphy said: "Karen has a long-held ambition to start her own brokerage and after amicable discussions we concluded that it would be beneficial to the future growth of both
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