BGC to use Besso as platform to build insurance arm

BCG Partners has signaled its intent to use Besso as a springboard
to build a significant operation in the insurance brokerage space.
The New York-based interdealer and real estate broker has
agreed to buy 100 percent of the independent London broker in a
deal that values Besso at £70.5mn ($86.6mn).
And BGC president Shaun Flynn described the deal as a
"strategic" move in the insurance brokerage sector.
"After extensively researching the insurance brokerage
industry, Besso stood out as pro