Marsh buys Sumitomo Life Insurance Agency America

12 May 2015

Insurance broking and risk management firm Marsh has acquired Sumitomo Life Insurance Agency America. The deal strengthens Marsh’s employee health and benefit offering for US-based Japanese companies. Terms of the transaction have not been disclosed.

Sumitomo Life Insurance Agency America (SLIA) is the employee benefits brokerage and consulting subsidiary of Sumitomo Life Insurance Company* founded in 1986. The company provides a wide range of employee benefit and other services to US-based subsidiaries of Japanese companies. SLIA has offices in New York, Los Angeles, Atlanta, Chicago, and Crescent Springs, and Kentucky.

In line with its ambition to strengthen its employee health and benefit capabilities for Japanese companies in the US, consulting firm Marsh decided to acquire SLIA. As part of the deal, SLIA’s employees will be incorporated in Marsh’s Asia Client Services (ACS) team and work under John McDonnell, President and CEO of ACS in the US. 

Marsh buys Sumitomo Life Insurance Agency America

Explaining the benefits of the acquisition for Marsh, David Batchelor, Head of Marsh’s International Division, says: “Sumitomo Life Insurance Agency America is a high-quality employee benefits firm with a solid reputation for client service excellence. Combined, Marsh ACS is better positioned to offer clients a full range of health, benefit, and property/casualty solutions.” 

Hirofumi Shimoyama, Marsh’s Japan Country Head and Global Japan Client Services Leader, adds: “Japanese multinationals continue to look to the US for global expansion and they need a global risk and insurance advisor that understands their corporate culture and the environment in which they operate. The acquisition of SLIA is further testament to Marsh’s commitment to serve this dynamic market segment.”

* Sumitomo Life Insurance Company is one of the largest life insurance companies in Japan founded in 1907, which offers individual, group life, and long-term care policies, as well as accident, fire, and auto insurance, pension plans, and asset management.


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SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”