Tysers
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AUB Group CEO Mike Emmett will step in as CEO of Tysers on an interim basis. -
The executive has extensive experience in the reinsurance broking sector both in Asia and London, having worked for Aon Benfield, Cooper Gay and Willis Re in the past.
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The team will be headed by Tysers’ MD Paul Chapman, joined by Claffey, Freeman and Thornhill.
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AUB said the placement bookbuild was “significantly oversubscribed” and only allocated shares to existing investors as a result.
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Tysers Retail Limited was established as a separate entity in the wake of AUB’s acquisition of the broker.
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The broking CEO set out the London wholesaler’s growth strategy a year on from the AUB takeover announcement.
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The broker focused on African, North Sea and Latin American business at Primassure and has 30 years’ experience.
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The broker benefited from new cargo business, higher war rates and a rebounding contingency segment.
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Insurance Insider reported last year that the bloodstock team had resigned en masse to join Howden
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It is understood that Tysers’ Latin America head Hugh Powell, who is also a shareholder in the South American operation, has left the UK brokerage.
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The London wholesaler is ‘performing well’ according to parent AUB Group.
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It is understood that the executive joined THB Peru in a managing director position.
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