-
It is understood that Padin will take on a treaty role overseeing client relationships across LatAm and the Caribbean while Martinez will lead fac re for Central America.
-
Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
-
Mark Jenkins becomes chairman of the global credit and political risk team.
-
Francisco Torres joins UIB as CEO of the Miami operation after a stint at Price Forbes and Ed Broking.
-
The rebrand aims to unify and simplify the business structure under a single global executive.
-
The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
-
The former owners of AFL Insurance Brokers have been ordered to pay damages totalling £6.1mn after being found guilty of fraud and of breaching director duties.
-
The news comes a few weeks after this publication revealed that UIB was in advanced discussions to take over local broker South Re.
-
Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.
-
He rejoins Aon after 15 years at Guy Carpenter.
-
Most of the broker’s clients have incurred losses below or about equal to ceded premiums and only one with losses exceeding ceded premiums.
-
The executive will move to the (re)insurer after almost two years at Gallagher Re, a company he joined after the acquisition of Willis Re in late 2021.