In the past 12 months, a record 665 broker transactions have been announced, according to boutique investment bank Optis Partners.
J Powell Brown said E&S in the London market was the most pronounced pocket of price expansion.
A five-strong team will work under Peter Boardman and Guy Robinson.
The result was driven by organic growth, $77.1mn in revenue from acquisitions and a light margin expansion.
The latest hire will join the start-up after 13 years with the global broking giant.
The brokerage has placed $4mn in premium year-to-date following its launch in November 2018.
The executive has worked in senior positions across a range of brokers.
The transaction will swell the company’s total debt level to $4.4bn, according to Moody’s.
Finbow, Kindbom and Brown defect to Willis Towers Watson as the broker expands its Toronto-based financial institutions business.
The restructure follows the departure of former US chief executive Tim Gardner and other executives earlier this year.
The supervisory chief discusses cyber, outsourced cloud services, Brexit and modelling solutions to emerging nat cat perils.
They face a Herculean task but the two start-ups could break the stranglehold of MMC, Willis and AJG in the aviation market.
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