BGC Partners (BGCP) Misses Q3 EPS by 3c, Revenues Beat
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BGC Partners (BGCP) Reports Acquisition of Ed Broking Group Ltd.
October 29, 2018 6:31 AM EDTBGC Partners, Inc. (NASDAQ: BGCP) today announced that it has entered into an agreement to acquire Ed Broking Group Limited ("Ed"), an independent Lloyd's of London insurance broker with a strong reputation across Accident and Health, Aerospace, Cargo, Energy, Financial and Political Risks, Marine, Professional and Executive Risk, Property and Casualty, Specialty and Reinsurance.
Under the terms of the agreement, BGC will acquire 100% of Ed, which includes broking operations under the Ed brand in UK, Singapore, Hong Kong, Dubai, Miami and China; Ed's German marine broking arm Junge & Co. Versicherungsmakler GmbH; Ed's managing general... More
