Tysers
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PE owner Odyssey ran a full auction last year but was unable to find a buyer for the business. -
The broker said there was increased demand for coverage from international clients.
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Client director Martyn Locke will transfer to Xenia as part of the deal.
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Matt Griffiths’ resignation follows the departure of the Harry Simpson-led Tysers terror and political violence team, which has joined BMS.
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The appointment comes following BMS’s entry into the terrorism and political violence market with the hire of Harry Simpson and his team from Tysers.
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The broker said the appointment of Lee Jenkins was part of a wider strategy to expand its marine and aviation, North American P&C and retail business lines.
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Experienced brokers Matthew Sinclair and David Pratt-Sinclair are to head up the new division.
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Plus the winners of the Insider Honours and all the top news from the week.
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The broker has operated in Dubai since 2006, and is pursuing a strategy of international expansion.
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Initial £800mn price tag seems well out of reach as suitors struggle with heavy pro forma adjustments to earnings.
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The broker has also expanded its Dubai office with three hires.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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