This acquisition represents a landmark in the development of our London office and an important part of our growth plans.
London (PRWeb UK) October 14, 2010
Clements Europe, a member of the Clements International group of companies, have acquired the International Vehicle Risk Management (IVRM) business from Lockton. Clements International are a leading provider of insurance solutions for expatriates and international organisations.
“This acquisition represents a landmark in the development of our London office and an important part of our growth plans,” said Dan Francis, director of Clements Europe. “We will continue to organically grow our current European business, as well as actively pursue further acquisitions.”
The IVRM business consists of overseas diplomats and International fleet business, complementing Clements Europe’s core business.
“This deal marks a significant step in the company’s strategic global expansion into key international markets,” added Francis.
IVRM policyholders’ existing coverage will not be affected and will continue to be offered through Clements Europe. Financial terms of the acquisition were not disclosed. For more information, visit ivrm.clementseurope.com.
About Clements Europe
Clements Europe are a member of the Clements International group of companies. Founded in 1947, Clements International are a leading insurance provider for expatriates and international organisations. Clements Europe offers worldwide car, property, health, life and commercial insurance with superior customer service and claims response. For more information, visit http://www.clementseurope.com.