Brokers
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The appointment comes soon after the collapse of the merger agreement between the two brokers.
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Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
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In an internal memo, the company named a raft of leaders by country and business unit, though many roles also remain unfilled.
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The broker is looking to expand in the US and international markets.
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Alex Shepherd, who joins from ERS Syndicate 1856, will aim to replicate the broker’s “hub approach” in its facultative business.
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Sources said the deal consideration was £1.1bn, confirming earlier reports by this publication.
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Should Howden be successful in sealing the deal, it will be its third piece of major M&A in just over 12 months for a combined sum of approximately £2.5bn.
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The agreement ends non-solicitation action against the team of brokers, led by Cameron Roe and chairman Tony Phillips.
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TigerRisk has taken several bold steps to solidify its position as the fourth-largest reinsurance intermediary in recent months.
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Experienced brokers Matthew Sinclair and David Pratt-Sinclair are to head up the new division.
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The UK consolidator had been expected to be auctioned, but that process now looks set to be pre-empted.
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David Bruce will oversee 50 UK offices and the Enterprise Centres of Excellence.
