Tysers
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The appointment of the well-known market figure ends a period of rule by committee. -
Steven Beard was RFIB CEO for just over a year and half and said the timing “feels right” to leave.
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The coverholder is the first multi-line, independent MGA to be incorporated in Bermuda.
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The executive is departing for personal reasons and will be replace by a UK-based chief at the Tysers parent.
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The wholesale broker launched its Bermuda operation in August, with Richard Tomkins relocating to lead the venture.
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The broker said outsized claims experience for the 2019/20 period had left some mutuals struggling.
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Tysers owner denies persistent rumours of private equity exit in 2020.
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Richard Tomkins will relocate to become managing director of Tysers Bermuda Ltd.
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Potential transaction turns the tables on Calera-backed RFIB, which was once in the running to buy Tysers.
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Long-serving chairman to exit after 40 years with London broker.
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The executive rejoins former Integro colleagues after a two-year absence.
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Broker rebuffs UK sale rumours with plans for M&A and organic growth.
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