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Sources said Insurance Advisory Partners is advising the fac MGA on the strategic process. -
Former CEO Buss had been appointed in November 2023.
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The broker appointed Hines Associates for a strategic review in December.
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GWP increased 24% year on year at the Asta-managed syndicate.
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CEO Rinku Patel said the move marked a “clear step change” in Pine Walk’s MGA strategy.
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A roundup of all the news you need, including Pine Walk’s foray into casualty.
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The combined ratio improved by 3.2 points, from 80.9% in 2023 to 77.7% in 2024.
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Adam Russell most recently held the role of head of strategy for global placement.
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The rating allows IQUW to access $1bn in group capital.
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The company booked profit for the year of £247mn, up 20% on the prior year.
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Larger companies ranked regulatory breach as their top risk.
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The syndicate’s claims ratio worsened due to an “exceptionally active” hurricane season.
