Specialist independent broker continues integration as combined entity with new Marine Managing Director
London, 12th February, 2019: Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (“SSL Endeavour”) today announces the strengthening and repositioning of its management team.
SSL Endeavour Executive Chairman David Lawrence is to become Group CEO; while Roger Spicer will step down from his SSL Insurance CEO role in order to focus solely on clients as Marine Business Development Director.
At the same time, Marine Director and Head of Broking Gillian Martin has been promoted to Managing Director, Marine; while SSL Endeavour Managing Director Karen Allen will leave the business to focus on other opportunities.
The strengthening and repositioning of the management team comes amid a continued focus on operational excellence during the integration of SSL and Endeavour Insurance Services (“Endeavour”), which were merged last year in a pioneering transaction backed by a fund advised by private investment firm J.C. Flowers & Co. LLC (“JCF”).
SSL Endeavour Group CEO David Lawrence said, “One of the great benefits of the innovative merger of SSL and Endeavour was giving us the flexibility and agility to reimagine our combined businesses going forwards, and with it the opportunity to put the entrepreneurial talent of our leadership team to best use.
As we progress with our Group integration, it is vital to focus on the needs of our clients and on a smooth and stable transition into an effective combined entity, and we will continue to focus on organic and inorganic growth opportunities in the wholesale brokerage market.
I am delighted to welcome Gillian to the management team as Managing Director of Marine, her expertise is impressive and her team will benefit from her leadership and insight going forwards.
At the same time I thank Karen Allen for all the hard work she put in during her time with us, and wish her well for the future.
I also am very pleased that SSL Endeavour will continue to benefit from Roger Spicer’s deep knowledge and established network in the Marine sector as Marine Business Development Director. His focus on generating and servicing new business is central to helping SSL Endeavour maintain stability and growth as we continue to move forwards with our integration.
Lastly, we will soon be welcoming the SSL team across to their new base, joining the Endeavour team at our head offices in Bevis Marks at the end of February, and it will be particularly gratifying to have the entire London-based team under one roof, working together as we continue to grow the SSL Endeavour platform – a business that is very well placed for future expansion.”
Effective 1st March, 2019, the combined London-based SSL Endeavour team – totalling 86 employees – will operate from Bevis Marks House, 24 Bevis Marks, London
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.
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