Glencairn, a division of Faber & Dumas, the global third-party wholesale insurance broker established in London by Willis, announced that John Andrews has joined the company as Account Executive. He will help spearhead the company’s push towards increasing its US and International property binding authority business.
Andrews will be based in London, reporting to Nick Cook, Director and Senior Partner, Glencairn. He joins the division from Axis Specialty Europe Limited where he was Deputy Property Manager responsible for co-managing a predominantly US-based Managing General Agent business. He has more than 17 years experience in placing and underwriting binding authorities for North American and international business.
“John’s appointment reflects Glencairn’s commitment to invest in getting the industry’s best talent on board,” stated Steve Hearn, Chairman and CEO, Glencairn. “John’s experience in developing property binder solutions for the US and international markets will enhance our offering by achieving economies of scale to place competitive cover for a wide-ranging client base from the real estate, leisure and construction industries.”
Cook explained: “Binding authorities allow us to provide our small- to medium-sized and middle market clients with superior products and service that is more efficient and economical. Insurers also benefit from a better distribution channel into markets that they could not otherwise access. John is a great addition to the team and will drive the growth of our binder business in the US.”
Binding authorities are arrangements under which insurance brokers are authorized to enter into insurance contracts or undertake certain tasks on behalf of insurers predominantly on homogenous blocks of niche or small- to medium-size business.
Source: Willis Group Holdings – www.willis.com