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The company said the proliferation of new MGAs was “great news” for brokers and clients.
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In the food and beverage market, rates are falling by an average of 3%-4%.
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The vehicle has $2.55bn in capital committed by institutional investors.
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The appointment comes after the departure of Mark Benbow, who is joining Westfield.
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Nick Hawke is coming out of retirement to take on the position.
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Plus, the latest people moves and all the top news of the week.
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McGill was recently included in Warburg Pincus’s multi-asset continuation vehicle.
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Robin Hamilton has been appointed head of energy and marine liability.
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Market softening means exploiting hardening niches is the name of the game.
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Several Marsh energy staff have defected to WTW over the past 18 months.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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Underwriting oversight is top of the agenda for some, whilst others prioritise progress on tech and operations.