Acrisure
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The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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He joins from Howden Tiger, where he was the international head of analytics.
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As the curtain comes down on the millionth Monte Carlo Rendez-Vous, and the prices in the cafes and restaurants are presumably reset to their customary levels, the conference has again done its main job.
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Our virtual roundtable polled senior industry figures on the biggest questions facing the reinsurance industry. Today, we look ahead to the influences steering M&A market conditions.
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Modus will continue to operate under its existing brand and management team and become part of Acrisure UK MGA, under the terms of the acquisition.
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The (re)insurer also appointed Thomas Deane as head of investment banking.
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The company will operate under a single brand as it moves away from its prior reputation as broking’s arch decentralizer.
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Unilink is the largest broker in the region, with 1,300 staff providing a range of life and non-life products.
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Jennifer D’Arcy will be responsible for building out the carrier’s fac strategy for North America from London.
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The appointment of Chris Jones comes amid wider staff movement among Ardonagh’s intermediary firms, as the group consolidates its array of brands.
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The executive spent 19 years as head of Willis Germany and Austria.
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Affinity will maintain its current brand and management team.
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The appointments come after a slew of acquisitions, with many executives from acquired entities taking senior roles.
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Boyd joins from Allianz Risk Transfer, where he spent nearly 14 years, most recently as CUO.
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The company, valued at $23bn in May, intends to use the facility to fund future acquisitions and related fees and expenses.
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Acrisure’s Flux syndicate will be a test case for a broker’s presence at Lloyd’s, one which rivals will watch closely.
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The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.
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The executive was responsible for all types of legacy transactions, from structured adverse development cover to LPTs.
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The new recruit joins from Guy Carpenter and has worked at JLT Re and Willis Re.
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The property reinsurance underwriter had joined Axis Re’s London team three years ago.
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The existing Russell Scanlan management team will continue to run the business.
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