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The liquidation will let the company sell its Accredited arm to Onex via an alternative transfer structure. -
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.
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Sophie Hitchcock has covered the role since November 2023.
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Vanessa Maxwell will remain global head of financial lines.
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The business – which writes professional liability, excess casualty and property - was marketed by investment bank RBC.
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Reinsurers “weren’t getting paid” before 2023’s hardening, the Lloyd’s executive argued.
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The acquisition allows AM Specialty to expand its E&S offerings.
