Tysers
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The broking CEO set out the London wholesaler’s growth strategy a year on from the AUB takeover announcement. -
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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The former Chubb Europe president will replace outgoing chair Peter Haynes.
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New owner AUB expects the acquisition to deliver A$25mn in synergies.
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Staff are following their former leaders Mike Godfrey and David Long to the General Atlantic, CDPQ and Hg-backed broker.
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AUB chief Mike Emmett says the deal is “strategically aligned and financial compelling”.
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The broker’s revenue rebound was offset by reductions of business in Colombia and Ecuador.
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