Sunderland Marine confirms the sale of Knighthood Corporate Assurance Services

Mergers and Acquisitions, P and I Clubs — By on March 19, 2018 at 12:03 PM

March 19, 2018 – Sunderland Marine Insurance Company, the specialist in marine and aquaculture insurance, today confirmed the sale of Knighthood Corporate Assurance Services Limited to Broker Network.

Sunderland Marine has had a business association with Knighthood since 1994. The sale is seen as a further step in North’s plans to improve Sunderland Marine’s operational efficiency and strengthen its global business, following its acquisition in 2014.

According to Sunderland Marine Chief Executive Officer, Tom Rutter, “The sale of Knighthood to Broker Network supports the on-going transformation of Sunderland Marine, and an increased focus on its core businesses around the world. Sunderland Marine has been working with Knighthood for over 20 years and I wish the directors and staff of Knighthood and Broker Network every success in the future.”

Ed Davies

North’s Global Director (Finance), Ed Davies noted, “This sale is an ideal commercial match for Sunderland Marine, Knighthood and Broker Network. It will further streamline the Sunderland Marine business as we continue to sharpen our focus on those lines of business where we have a clear strategic and competitive advantage.”

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