• Brachers’ Corporate team has advised the shareholders of Talisman Consultancy Limited on the sale to Occam Underwriting Limited.

    Talisman Consultancy Limited specialises in designing and developing bespoke computer software applications and providing tailored solutions to the insurance sector. Occam is a managing general agency, specialising in space and energy risk and is an approved Lloyd’s coverholder.

    Talisman Consultancy Limited’s main product offering is the Talisman 7 back office system for the insurance industry. This supports day to day operations with a comprehensive range of functions including production of schedules and reports, income tracking and management of correspondence as well as comprising an integrated quote engine and CRM system.

    The acquisition means that Occam Underwriting will benefit from an in-house system provider and the efficiencies generated by the Talisman 7 which enables the production of insurance procedures from quote through inception and recycling after renewal, as well as the opportunity to market the system to the wider insurance sector and expand their service offering.

    Claire Williams, Corporate Partner, led the deal team at Brachers and was supported by Corporate Solicitor Raul Hernandez and Employment Associate Sarah Wimsett. The team advised on all aspects of the transaction from initial heads of terms, through due diligence and  final documentation, as well as on Trevor Lucky’s retention as Product Director for Talisman Consultancy Limited following the acquisition. All parties took a collaborative, co-operative approach which meant for a smooth and speedy transaction.

    Essex-based accountants Lambert Chapman also advised Talisman Consultancy Limited during the acquisition. Travers Smith acted for Occam Underwriting.

    Claire Williams said: “We are very pleased to have secured a successful sale for Trevor and Sue and to have the opportunity to work with both Occam Underwriting and Travers Smith again. The collaboration between all parties throughout the process meant we were able to achieve the right result for everyone involved. We wish Talisman Consultancy Limited all the best as they continue  to develop as part of Occam Underwriting.”

    Trevor Lucky, Managing Director at Talisman Consultancy Limited, said: “We are incredibly grateful to Claire, Raul and the team at Brachers for supporting us at this milestone for us and our business. Their legal expertise and specialist knowledge of the insurance sector ensured we felt in safe hands throughout the process.”

    Mark Fisher, Chief Executive Officer at Occam Underwriting, said: “This is a great acquisition for us at Occam, it enables us to extend the service offering at Occam and provide a more comprehensive service to our clients. It has been a pleasure to work with Claire and the team at Brachers again on what was a very smooth transaction.”

    This is the second acquisition in three months which Brachers has advised on with Occam as the purchaser. In October 2021, the Corporate team advised the shareholder of specialist terrorism insurance MGA Beech Underwriting on the sale to Occam Underwriting, which remains subject to FCA approval.

    This content is correct at time of publication

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