Ed
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Consilium’s financial lines operation specialises in professional and executive risks as well as cyber. -
Martin Cook is joining the mutual as it embarks on a change of leadership, with long-serving CEO Joe Hughes standing down.
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The loss comes as rate rises decelerate in the class after several years of compound rate rises.
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This publication reported last month that the broker’s algorithmic underwriting solution had gone live.
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The broker’s algorithmic solution is already live and binding risks for one major insurer.
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The Aventum-owned broking business will aim to ‘disrupt’ the binder placement market.
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The transaction will create London’s largest independent specialty and wholesale broking business.
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The executive has also worked at Alexander & Alexander Asia and KIB.
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The follow-only syndicate has carved up most of its 2021 capacity among leading Lloyd’s intermediaries.
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The executive’s departure from the Willis Towers Watson merger partner follows that of other casualty reinsurance colleagues.
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Michael Lock is the latest appointment to the team led by Niraj Perera, who joined from AJ Gallagher in April.
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All options are on the table including a part sale, full sale, Spac IPO or a transaction with Cantor Fitzgerald.
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