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The transaction is conditional to the completion of the sale of shares in Accredited to Onex. -
Reinsurance sources say the pool targets the wrong aspects of Australian cat losses.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
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Ex Ascot colleagues Gavin Wall, Chris McGill, Matthew Eve and Parth Patel are reuniting at the new unit.
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The broker will become director of marine at the Ardonagh subsidiary.
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The liquidation will let the company sell its Accredited arm to Onex via an alternative transfer structure.
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SCS caused global insured losses worth at least $8bn in the first quarter of 2024.
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Mark Houghton, who joins from Axa XL, will report to group CUO Sam Harrison.
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With topco liquidation looming, there are questions for R&Q and the wider market.
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Burrows is the latest former JLT energy broker to join the team at WTW.
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The carrier has also hired Victoria Burnell from Tokio Marine Kiln to join the energy team.
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He joins from Argenta Underwriting, where he was running operations in Singapore.
