Trowe acquires additional four real estate agents.
In a move to shake up the insurance market, Frankfurt-based broker MRH Trowe has announced a series of acquisitions aimed at providing customers direct access to the Lloyd's insurance market.
The growth spurt began earlier this year with the acquisition of Harald Schwardt Insurance Broker, a securities insurance specialist. This was followed by the acquisition of another bAV specialist, EKB from Karben. The most recent additions to the MRH Trowe family include ITUS Insurance Broker from Karlsruhe and Anthes Insurance Broker from Dreieich, both specialising in IT services.
Advertum, an industrial insurance broker based in Stuttgart, was also taken over by MRH Trowe. Four additional acquisitions were announced, but the details of these deals have yet to be disclosed.
The acquisitions continue MRH Trowe's growth course, which was announced at the beginning of the year. The company has also established a new company in London, marking its entry into the British market.
In addition to these acquisitions, MRH Trowe has taken over KVM Kulmbacher Insurance Broker, Frischleder Insurance Broker, M.A.R.K.-Insurance Broker, Nofri Insurance Broker, Finance-Risk Insurance Broker, and G. Beyer Insurance Broker. Both ITUS and Anthes Insurance Brokers are expected to join MRH Trowe by mid-July.
The projected growth from these acquisitions is significant, with MRH Trowe anticipating a 40% growth in revenue for 2021 compared to the previous year. This growth is expected to push MRH Trowe's annual turnover beyond 70 million euros.
However, it should be noted that while MRH Trowe has been active in the insurance brokerage sector in 2021, there is no evidence to suggest that it has made more than 9 acquisitions in this sector this year. The available search results mostly contain information about MRH Trowe’s activities and presence in recent years but do not specify acquisition numbers for 2021 or any details regarding acquisitions surpassing 9 in that year.
In conclusion, MRH Trowe is making strategic moves to expand its reach and provide customers with more diverse insurance options. While the exact number of acquisitions in 2021 remains unclear, the company's growth is undeniable, and its entry into the British market through the establishment of a new company in London is a significant step forward.
Investing in the insurance sector has been a priority for MRH Trowe this year, as evidenced by the several acquisitions they've made, such as ITUS Insurance Broker, Anthes Insurance Broker, and others like Advertum and KVM Kulmbacher Insurance Broker. These strategic business moves are aiming to boost their financial growth, with an anticipated 40% increase in revenue for 2021 compared to the previous year, pushing their annual turnover beyond 70 million euros.
