London, Tuesday 15th January, 2019: Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited today announces that experienced Professional Indemnity (PI) broker Mike Newson has joined the company as Senior PI Broker to focus on developing and growing international business.
Mike joins SSL Endeavour from Vantage Professional Risks where he was an Account Executive. Prior to that he had spent seven years with Arthur J Gallagher (International) Ltd as a Divisional Director responsible for the entire PI portfolio managing client, underwriting and managing general agent relationships. His career as a broker, which started in 1983, also saw him spend 23 years at Willis in various senior roles.
Karen Allen, SSL Endeavour Group Managing Director, said:
“We are delighted to welcome a highly experienced broker of Mike’s calibre to the team. I have known Mike for a number of years. His experience and insight will be pivotal in exploring and delivering further expansion for us in the PI market. With the PI market significantly hardening in many areas this is the perfect market for a seasoned broker like Mike and we are very excited about working with him.
Mike’s initial focus will be working on our Canadian Coverholder business, where we have significant PI opportunities arising from our current focus on Property and Casualty. Mike will also support the development of our UK PI book.”
Mike Newson, Senior PI Broker at SSL Endeavour said:
“This is a terrific role for me where I can bring my industry knowledge and insight to SSL Endeavour at a time when market conditions and rates are under pressure. I am very pleased to be joining a growing, independent broker – it’s an exciting time and I’m looking forward to putting my market know-how to good use.”
Notes to Editors
About SSL Endeavour Group
SSL Endeavour Group was formed in 2018 when Lloyd’s broker and delegated authority specialist Endeavour Insurance Services Limited merged with fellow Lloyd’s and independent specialist marine broker SSL Insurance Group.
The deal involved both companies being acquired by a fund advised by private investment firm J.C. Flowers & Co. LLC.
Endeavour Insurance Services were founded in March 1999 and specialise in the placement of business produced by North American and European agents handled under delegated authorities. Endeavour supports business from Canada; the USA, Europe and the Rest of the World.
The classes of business covered under the above territories are as follows:
- USA: Property, Casualty, Professional Risks, Specialty. Open Market, Binding Authorities and Reinsurance
- Canada: Property, Casualty, Professional Risks and Personal Accident. Open Market, Binding Authorities and Reinsurance
- Cyber worldwide – Online portal, cyberEIS
Endeavour is an accredited Lloyd’s Broker and a member of the Wholesale & Specialty Insurance Association (WSIA) following the merger of the National Association of Professional Surplus Lines Offices (NAPSLO) and the American Association of Managing General Agents (AAMGA) on 1st August, 2017.
Established in 2003, SSL is a leading marine broker, supporting clients in more than 80 countries and servicing a substantial book of fleets. As well as its marine expertise, SSL is a recognised expert in other specialist insurance classes including Cash in Transit, Financial Institution and Political Risk.
SSL was the first broker accredited by Lloyd’s to enter the market as an independent broker without having to work through an existing Lloyd’s Broker, as was the historical route into Lloyd’s, and now has clients in all major insurance and reinsurance classes.
Founders Andrew Sturdy, Roger Spicer, Edward Leigh and Luca Garbarino have a combined 100 years of experience in the market and the volume of premium paid to International Markets has now risen to over £250 million per annum.
An image of Mike Newson accompanies this press release.
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Senior PI Broker – Mike Newson