Operations/tech
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The carrier is targeting growth in all key lines of business.
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The intermediary raises capital after an agreement to buy Burnham Benefits.
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The new entity will be named Unison Risk Advisors but the component parts will maintain independent branding.
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In five years’ time, the risk solutions unit will account for 30% of Munich Re’s P&C reinsurance portfolio. -
The US carrier has offloaded a tranche of liability business written out of London.
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Ex-Ariel CFO Angus Ayliffe becomes the latest member to join the team, which Jeff Clements will lead.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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Brian Johnston will work as CEO and CFO, with Tom Hodson as deputy CEO and Stephanie Mocatta leading business development.
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CEO Greg Hendrick said the composition of the new carrier would eventually be more heavily weighted to insurance business.
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The seller’s CEO previously noted InsuraMatch had problems with client retention but said annual losses of about $1mn were affordable.
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The latest appointments include former Markel property head Peta White and former EY partner Gail McGiffin.
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