In June 2023, the Group acquired a 25% stake in Pantheon Specialty Limited, which has acquired Denison And Partners Limited, positioning itself for growth in the specialty insurance market.

Information on the Target

Pantheon Specialty Limited ("Pantheon") is a recently established holding company that has made significant strides within the insurance sector. In June 2023, the Group acquired a 25% stake in Pantheon, which has been developed in collaboration with Robert Dowman. A notable move by Pantheon was its full acquisition of Denison And Partners Limited, a well-established Lloyd's broker that enhances its market presence and operational capabilities.

This strategic acquisition positions Pantheon to leverage Denison’s experience and clientele, establishing a strong foothold in the competitive Lloyd's market. The partnership aims to capitalize on emerging opportunities in specialty insurance, particularly in complex liability placements which is Denison's area of expertise.

Industry Overview in the United Kingdom

The insurance industry in the United Kingdom, particularly the Lloyd's market, is recognized globally for its depth and dynamism. With over 300 years of history, Lloyd's has established itself as a hub for