THB Announces New Strategy, Leadership for UK Wholesale Broking Operation

THB, the London-based specialist insurance and reinsurance broker, announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of some 1300 brokers.

Declan Durkan, who joined THB in 2017, following senior roles at JLT, Marsh and Arthur J Gallagher, has been appointed managing director of THB UK Risk Solutions. He will report directly to Darren Nightingale, CEO of THB MET, which encompasses the Lloyd’s broker’s marine, energy & transportation divisions.

THB UK Risk Solutions aims “to deliver to UK brokers the broadest range of insurances that THB has ever offered from one platform,” the broker said, adding that the move “signals the group’s renewed focus on supporting UK retail brokers, exactly 50 years after its broking beginnings in the UK motor fleet market,” THB said in a statement.

“Appointing a managing director dedicated solely to promoting all our UK classes is a first for THB and demonstrates our commitment to providing meaningful support to Britain’s retail brokers” announced Nightingale. “We’re a top 10 Lloyd’s contributor with expert broking teams built over 50 years, and while we’ve long been a recognized force in wholesale motor fleet we’re now bringing our market power and experience to bear in supporting UK brokers with our strongest ever proposition.”

“I’m delighted to be leading a strong and experienced team – boosted recently by the appointment of two more business development managers – to assist our retail broking partners in developing new revenue opportunities and supporting them with the placement of both common and complex risks,” said Durkan.

“We’re offering not only our THB UK Risk Solutions teams’ expertise across commercial, property, liability, fleet, and professional and financial classes including cyber liability, but also for the first time we will formally work together with our specialist marine, energy and transportation teams including aviation, all of which cater for UK risks,” he added.

In addition, Durkan said, the broker is “building a bigger portfolio of schemes and online options making it quicker and easier than ever for our brokers to meet their clients’ needs. We want THB to be our brokers’ first choice for all their UK risks.”

With 700 staff worldwide, THB (also known as Thompson Heath & Bond Ltd.) is part of AmWINS Group, Inc., a global specialty insurance distributor with some 4,000 employees across more than 100 office locations worldwide.

Source: THB Group

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