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The broker stated that significant further capital may be deployed at a later stage to support expansion.
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The aggregated 2018 results of 23 carriers showed a significant improvement in underwriting profit.
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Chris Demuth was previously a vice president at JLT Capital Markets.
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He will be replaced in the role by partners Jarad Madea and Stephen Fromm.
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The relationship between Florida insurers and their reinsurers is obviously going through a rough patch. It makes you wonder whether the role of brokers this year might be akin to that of marriage counsellors.
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Kevin Feldman joins from Guy Carpenter, where he was a managing director.
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What does it say about the insurance market that for every new fund or facility that is launched as a passive or index tracker-style initiative, it seems that another existing one is unwound?
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The division will be led by former Guy Carpenter executives.
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Irish regulations required an early announcement from the firm that it had considered a deal.
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A deal would take the combined entity to the top spot by (re)insurance broking business revenue.
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A new boutique (re)insurance broker set up by former Aon president Steve McGill is looking to launch in the second quarter, sister publication The Insurance Insider reported.