Brokers

The GBC in London will be led by Mark Parker, supported by Cynthia Beveridge, as Joe Peiser moves to London.

The senior broker said it will take time for clients to return to the market.

To help you keep track of investment activity in the UK's private broking sector, Insurance Insider has mapped out the important relationships between the key players and their capital providers.

Unity will provide $50mn of coverage supporting the export of grain and other commodities.

Interim UK CEO Kate Roy will step down from the position but retain her role as group COO.

The deal comes over a year after this publication revealed that the companies were in takeover conversations.

The broking executive had a key role in the launch of Marsh’s Fast Track facility.

Marsh cites its primary listing on the NYSE, along with the costs and administrative burdens of listing on LSE, as reasons for delisting.

The unit almost doubled its organic growth rate from 11% in Q2, while in Q1 the division posted 12% organic growth.

Current cyber brokerage leader for the US and Canada, Meredith Schnur, will succeed Reagan as cyber practice leader, US and Canada.

Last week, this publication revealed that Howden agreed to pay Guy Carpenter in excess of £50mn ($61mn) to settle the poaching suit related to Massimo Reina and a defecting European team.

Concern around prior-year loss development and social inflation is impacting the market.

The executive brings more than 25 years of global reinsurance broking experience to the new company.

Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas.

Pat Tomlinson will also step into the role of president and CEO of Mercer and vice chair of Marsh McLennan when his predecessor, Martine Ferland, retires in March 2024.

It is understood that Padin will take on a treaty role overseeing client relationships across LatAm and the Caribbean while Martinez will lead fac re for Central America.

Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.

Mark Jenkins becomes chairman of the global credit and political risk team.

Francisco Torres joins UIB as CEO of the Miami operation after a stint at Price Forbes and Ed Broking.

The rebrand aims to unify and simplify the business structure under a single global executive.

The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.

The former owners of AFL Insurance Brokers have been ordered to pay damages totalling £6.1mn after being found guilty of fraud and of breaching director duties.

The news comes a few weeks after this publication revealed that UIB was in advanced discussions to take over local broker South Re.

Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.