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The expanded team aims to increase capability across global specialty lines and property specialty retrocession. -
The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
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Zaffino said the divested crop and travel businesses needed scale to be more profitable.
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ATIC insures about 60% of the NY livery market.
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The deal helps boost Davies’ growth across North America and Canada.
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The executive succeeds Tim Ryan, who was recently appointed as the firm’s US president.
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The transaction complements its previous acquisition of RMS in 2021.
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This publication reported Melvin’s hire on Wednesday.
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The acquisition marks Bishop Street’s entry into commercial lines.
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Mullarkey joins from Allianz Global Corporate & Specialty.
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Former CEO Pete Chandler had stepped down and assumed a vice chair role in January.
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