Transactional liability
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Icen said the hire supports its continued investment in developing a global M&A specialist. -
Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Until successors start, the MGA will focus mainly on excess tax opportunities.
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In October, this publication revealed that Nexus ceased writing W&I coverage.
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Longbrook Insurance will write multiple lines of business.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The firm offered W&I cover with capacity of up to £16mn per transaction.
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Other MGAs in the transactional-liability class are also expanding into the US.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
