This international insurance broker and underwriting group was formed in 1994 when chief executive David Howden, 50, led a buyout from Lloyd’s broker SBJ. In March last year it announced that General Atlantic had agreed to buy all of 3i’s shares in the group, along with the majority of BP Marsh’s stake, in a deal valuing the business at £250m. Acquisitions, as well as expansion in southeast Asia and Brazil, helped profits rise to £31.4m in 2013.
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