Hawkes Bay was set up in 2007 to effect the management buyout of Tysers, a 200-year-old independent Lloyd’s insurance broker based in central London but with international clients. In the same year the group established Aquila Underwriting, which covers niche insurance areas such as “cyber liability” – risks associated with data and internet communications. Under chairman Christopher Spratt, 68, and chief executive Chris Elliot, 51, profits rose to £9.4m in 2012.
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