Corant Global
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The fast-growing group – which did not exist when the UK voted to leave the EU – is now close to $500mn of adjusted Ebitda.
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Corant president Andy Wallin will run the broking segment, while Corant CEO Steve Hearn will lead a unit the includes reinsurance.
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The transaction will create London’s largest independent specialty and wholesale broking business.
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The former Willis executive is to work with Corant Bermuda CEO Chris Bonard and Ed Broking’s Bermuda chairman John Turner.
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Parent company BGC Partners said the broking business saw strong growth across all lines.
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