Law firm Ward Hadaway has advised on the sale of a Gateshead-based specialist marine insurance broker.
Experts from the corporate finance team at Ward Hadaway provided legal advice to the shareholders of Seacurus Ltd on its acquisition by Barbican Group Holdings.
Based in Gateshead, Seacurus was established in 2004 and focuses on revenue protection in the marine insurance market.
The company has become a leading provider of marine kidnap and ransom insurance, offering a range of products designed to help companies in the shipping industry manage a wide variety of operating and financial risks.
Seacurus will continue to operate under its current brand. Terms of the sale have not been disclosed.
Thomas Brown, managing director of Seacurus, said: “This provides us with an excellent platform from which to further expand and enhance the comprehensive range of bespoke solutions we deliver.”