Latitude Brokers Completes Management Buyout of CGSC Stake

Hong Kong-based marine insurance specialist Latitude Brokers has announced the management buyout of its shareholding previously owned by Cooper Gay Swett & Crawford (CGSC). Financial terms of the deal were not disclosed.

Andrew Brooker, Founding Partner of Latitude Brokers said: “We are thrilled to reach the point in our business plan where we become independent. The Latitude team would also like to thank CGSC for their support. They were critical to our launch and we look forward to continuing our relationship with them.”

Shaun Hooper, CEO International of CGSC added: “We are very pleased to have supported the management team at Latitude in launching and developing their business. CGSC’s business units will continue to work with Latitude following their management buyout and we wish them the best for the future.”

Source: Latitude Brokers