Inver Re today announces the appointment of Nick Griffiths as a Director.
Nick has joined the Inver Re senior leadership team and will report to Ardonagh’s CEO of Reinsurance and Capital, Steve Hearn.
As Director – Reinsurance, Nick will focus on alternative sources of reinsurance capital and insurance-linked securities (ILS) at Inver Re. The reinsurance broker was established this year to take a consultative, bespoke approach to the core discipline of treaty reinsurance and craft risk strategies to suit individual requirements by using a combination of traditional actuarial methods and sophisticated data science to provide new levels of insight and analysis.
Steve Hearn commented: “It’s incredibly exciting to be getting the team in place to take Inver Re into the market as a re-imagined reinsurance business. It’s our aim to bring a fresh perspective, choice and flexibility to the market – and attracting and empowering top talent is absolutely key to doing so. I’m very much looking forward to working with Nick, whose expertise and energy is going to help us become a reinsurance business of scale and relevance – and in time a top five global player.”
Nick joins from Howden where he was an Executive Director in the firm’s reinsurance broking division, having joined the company in 2018.
Prior to that, Nick worked at RFIB Group Limited for a decade, latterly as Head of Broking of its reinsurance division.
Nick says: “I can’t wait to get started with Inver Re. It’s a new entrepreneurial, independent platform – with the opportunity to really change the face of reinsurance. I’m genuinely excited to be part of its growth, and to harness the scale, resources and reach of the wider Ardonagh Group to do even more for clients.”
Ardonagh recently completed its acquisition of the insurance and reinsurance broking operations of BGC Partners, creating the largest independent specialty broker in the London market with the Ardonagh Specialty and Capital platform alone now placing over $5bn GWP on behalf of clients across the globe.
ENDS
NOTES TO EDITORS
INVER RE
Founded in 2021 as part of The Ardonagh Group, Inver Reinsurance Brokers Limited aims to bring a fresh perspective to reinsurance and establish a credible alternative in a market where choice and flexibility are increasingly limited. Our energy and purpose are born out of a unique combination of the scale and resources of the UK’s largest independent insurance broking group and the flair and expertise of our team.
THE ARDONAGH GROUP
The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of more 100 locations and a combined workforce of more than 7,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs.