Lloyd’s broker and delegated authority specialist Endeavour Insurance Services announced that Karen Allen is to be appointed CEO designate of Endeavour, and will join the business in October 2018.
Allen has spent her career of almost 20 years as a broker in the Lloyd’s market, specializing in international specialty casualty insurances. She leaves her role as director for International at the Howden UK Group Ltd.
Allen largely has been focused on coverholder business, working with clients in Canada and Australia. She has also successfully developed emerging products such as cyber.
In addition to becoming CEO designate of Endeavour, Allen also will take the role of group managing director when she joins the company. She will assume overall responsibility for the combined broking operations of SSL Endeavour following the merger with fellow Lloyd’s and independent specialist marine broker SSL Insurance Group (SSL) in a transaction that will see both companies acquired by a fund advised by private investment firm J.C. Flowers & Co. LLC (JCF).
The combined business will trade as SSL Endeavour. Allen will work alongside Endeavour founder and current CEO David Lawrence for a period as Lawrence transitions into the position of co-founder and president of the board of the combined SSL Endeavour Group.
“We are delighted that an individual of Karen’s caliber and talent will be strengthening the Endeavour management team at this pivotal moment in our growth,” said Lawrence. “Whilst Karen’s underlying experience is closely akin to that of Endeavour, she will bring a new perspective to the business which we are very excited about.”
Lawrence said that Allen’s appointment will allow him to focus “on the growth strategy and integration of the combined SSL Endeavour business going forward.”
About Endeavour Insurance Services
Founded in March 1999, Endeavour Insurance Services specializes in the placement of business produced by North American and European agents handled under delegated authorities. Now employing 38 people in its London office, Endeavour has five divisions supporting business from the U.S.; Canada, Europe and the Rest of the World; Facultative Reinsurance, and Cyber.
Related:
J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge
Topics Agencies Excess Surplus Lloyd's
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