Tysers, a leading independent Lloyd’s insurance broker, announces the acquisition of the London based Commercial Lines business of Cosmos Services Co Ltd, Hong Kong, which is a subsidiary of the Japanese global trading firm ITOCHU Corporation.

The acquisition strengthens Tysers’ UK and International Practice and its capabilities and resources in serving Japanese clients in the UK and Europe, as well as forging a closer strategic relationship between Tysers and ITOCHU to develop further business.

Cosmos’ employees will become part of the UK Corporate Risks Division under the leadership of Stephen May, Head of Tysers’ UK Corporate Risks Division.

David Randle, Managing Director, Tysers International Practice, says:

We are excited at the prospect of working alongside our new colleagues from Cosmos and expanding upon the range of services and products we can deliver to their established client base.