The Chelsea Group has purchased Security Exchange, a security risk management company.
Security Exchange will become a division of The Chelsea Group, providing specialist insurance risk management consultancy services to clients.
Rupert Reid, managing director of Security Exchange said: "The acquisition of Security Exchange by The Chelsea Group brings our clients significant benefits, as being part of an established group enables us to deepen and broaden our special risks product offering, and provides us with a truly global footprint.”
Lord Richard Westbury, chairman of The Chelsea Group, added: "We welcome Security Exchange into The Chelsea Group, at a time when the increasing number and complexity of risks facing organisations, and therefore the need for proven security solutions, has never been greater.”
