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The role will focus on international treaty, specialty lines and strategic advisory. -
The California broker’s pro forma revenue for full year 2024 was $268mn.
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The group will house a segment for specialty and benefits and another for underwriting.
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Some firms are broadening their M&A net in light of PE firms showing more restrained appetite for intermediaries.
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The executive joined BMS in 2022 after three years as deputy CEO at Carpenter Marsh Fac.
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The broker joined the Ardonagh Group from Gallagher’s Alesco in 2017.
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The marine market has experienced another flurry of personnel movement.
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The division reported revenue up 10.4% at A$204.2mn.
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The departures come after long-serving MD Andrew Hills left the business last year.
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PIB’s broadened sale process is symptomatic of wider investor sentiment around brokers.
