Miller
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The broker has also appointed Charlie Liddle and Rowan Minhas to the team. -
Kennedy previously worked as an energy broker at Aon and Marsh.
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The broker said softening was emerging in some lines, but cat risks remain challenging.
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He will take up his new role in September.
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The executive joins the company as it looks to bolster its reinsurance capabilities.
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An escalation of conflict at the end of last week is expected to put significant upwards pressure on marine war rates.
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Ollie Spells joins from Guy Carpenter, where he was a senior producer in the broker’s UK facultative property team.
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The move points to a longer spell of independence for Miller – but possible bearishness on external interest in UK broking.
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The pair bought the broker together from WTW in 2021.
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The broker is hiring in energy following the departure of several downstream brokers for Price Forbes.
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The downstream brokers will join Price Forbes alongside former colleague Dan Nicholls, who left Miller last month.
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Sources voiced some disappointment in the rate reduction but acknowledged the improved loss record of the contract.
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