Ed
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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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Jennifer D’Arcy will be responsible for building out the carrier’s fac strategy for North America from London.
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Highlander has $300mn of insurance coverage, placed by Ed Broking and led by Munich Re Syndicate.
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David Porter left Ardonagh Specialty’s subsidiary Ed after almost two years as head of cyber and VP of casualty.
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Consilium’s financial lines operation specialises in professional and executive risks as well as cyber.
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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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Ed launched a transactional risk offering in April which is led by Niraj Perera.
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Brett Hatton will start in September and report to downstream energy head Jon Parker.
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Niraj Perera has been hired to lead the team.
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Robert Wildbore and Marcus Taylor are also at risk.
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Chloë Cox comes from Marsh JLT Specialty and Alex Atkinson was previously at Alesco.
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The executive joins from the role of digital distribution head at Charles Taylor Insuretech.
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Insurance brokerage revenues rose 186 percent to $43mn in the fourth quarter, its listed parent says.
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The executive will work to develop a new stream of diversified business for the broker.
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John Turner joins from Aon, where he was chairman of the broker’s commercial risk solutions arm for the UK and the Americas.
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Richard Laird joins as a divisional director.
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The broker has over 30 years’ experience in the London market.
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The executive will work to help Ed expand its offering in emerging markets.
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The executive has worked in senior positions across a range of brokers.
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News of Carrie Kelley’s arrival comes after the broker gained approval last month for its Bermuda operation.
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The operation will provide multi-line broking services under the leadership of Chris Bonard.
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Ed joins Besso in BGC’s UK stable of businesses.
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The broker also backs calls for publication of a broker league table for PPL usage.
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The non-executive chairman was CEO of the broker until January 2017.
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Haines will lead the newly created operation.
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Seller Lightyear Capital will crystallise a significant loss after the business was carried to the brink by indebtedness.
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The platform can place risks from anywhere in the world into any market.
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The executive will take over leadership of the broker once its sale to BGC closes.
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Jo Kendall joins from Willis Re, where she led the London specialty cat modelling team.
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Artificial intelligence may drive many of the (re)insurance industry’s functions in years to come, but hiring top talent alongside it will be key to the sector’s future success.
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The Ed CEO warned China will challenge London’s position.
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The executive says Ed will be run independently from Besso after it joins the BGC stable, with no synergies targeted.
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The broker has recruited Patrick Jordan to direct its marine segment.
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PE interest in brokers is currently intense, with multiples for insurance fee businesses now sky high.
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No bank has yet been appointed but Lightyear likely to look to exit soon.
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Souvik Goswami will also oversee India and the Indian sub-continent.
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The broker is building out its Channel Island presence.
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