Insurance heavyweights announce merger
updated on 26 July 2011
On 22 July Beachcroft LLP and Davies Arnold Cooper LLP announced their merger plans, which will take effect on 1 November 2011, with the firm to be renamed DAC Beachcroft LLP. Both firms have significant strength in the insurance sector.
The new firm will have a turnover in excess of £175 million and more than 2,000 staff. It will have offices throughout the world, including a large network in the United Kingdom, and international offices in Ireland, Mexico, New Zealand, Singapore and Spain.
Paul Murray, managing partner of Beachcroft, commented: "We are very pleased to be creating a firm with such considerable strength across its core markets. Both firms specialise in the insurance sector and the combined firm will provide insurance clients with a distinctive, full-service offering in the UK and internationally."
Danny Gowan, senior partner at Davies Arnold Cooper, added: "The merger brings together complementary strengths in both our teams and the business processes that underpin how we work with clients. In addition to the benefits it provides to our insurance clients, it doubles the size of each firm's existing real estate practice. I am particularly encouraged that both firms have similar cultures which will help ensure a successful merger."
