Mr. Trowe expands his brokerage business by purchasing an additional four firms.
In a series of strategic moves, Frankfurt-based insurance broker group, MRH Trowe, has announced several acquisitions this year, marking a significant expansion of its market presence in Germany. These acquisitions span various insurance specializations, including IT services, occupational pension schemes (bAV), industrial insurance, and investment insurance.
Among the recent acquisitions are KVM Kulmbacher Insurance Broker, Frischleder Insurance Broker, M.A.R.K.-Insurance Broker, Nofri Insurance Broker, Finance-Risk Assekuranzmakler, and G. Beyer Insurance Broker, all based in different regions of Germany. Advertum, an industrial insurance broker based in Stuttgart, and Harald Schwartz Insurance Broker, specialized in investment insurance, are other notable acquisitions.
The acquisitions of ITUS Insurance Broker from Karlsruhe and Anthes Insurance Broker from Dreieich, both specialized in IT services and occupational pension schemes (bAV), are also part of this expansion. These acquisitions are expected to increase MRH Trowe's 2021 revenue by more than 40% compared to the previous year, signifying a substantial growth in the company's operations.
To further strengthen its position in the market, MRH Trowe has established a company in London, providing direct access to the Lloyd's insurance market. This move is in line with the company's growth strategy, aiming to broaden its market coverage and establish a strong foothold in the international insurance brokerage industry.
The success of these acquisitions will potentially propel MRH Trowe's annual turnover to surpass 70 million euros. The company's growth trajectory, announced at the beginning of the year, is being realised through these strategic moves. However, for the latest and precise details on MRH Trowe’s growth strategy and post-acquisition plans, it is recommended to consult their official press releases, website, or financial reports.
As these acquisitions continue, MRH Trowe's strategic expansion and growth in the insurance brokerage industry is becoming increasingly evident. The company, ITUS Insurance Broker, and Anthes Insurance Broker will join MRH Trowe in mid-July, marking the next phase in this exciting period of growth and development for the insurance brokerage group.
The acquisitions of Advertum, an industrial insurance broker based in Stuttgart, and Harald Schwartz Insurance Broker, specialized in investment insurance, are additional developments in MRH Trowe's expansion within the business sector and finance industry. The recent acquisitions of ITUS Insurance Broker from Karlsruhe and Anthes Insurance Broker from Dreieich, both focusing on IT services and occupational pension schemes (bAV), are crucial steps towards achieving MRH Trowe's aim of broadening its market coverage and establishing a strong presence in the international insurance brokerage industry.
