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The broker is understood to be seeking a consideration of £3.75bn+. -
The executive said the company’s expanding capacity base would make it “more like a marketplace”.
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The MGA’s US clients will now have access to London market capacity.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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The executive will maintain his advisory role with the Ardonagh-owned wholesaler.
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Fast Track is led by QBE and backed by Canopius, Arch and Beazley.
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Social inflation and larger vessels are making multi-billion losses more likely.
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This follows the exit of Mosaic’s head of international tax earlier this month.
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Good ESG practices are part of good risk management, the company said.
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Westfield’s international expansion saw it buy Syndicate 1200 from Argo for $125mn.
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The broker has made several recent hires within its marine division.
