BGC Insurance (BGCI) has rebranded as Corant Global Ltd., which will become the holding company for all the insurance interests of BGC Partners Inc., a global brokerage and financial technology company, subject to regulatory consent.
Corant will comprise the broking operations Ed, Besso, Piiq Risk Partners and Junge as well as the group’s managing general agencies (MGAs) Cooper Gay, Globe Underwriting and Epsilon. Those firms continue to operate under their separate brands, with Corant becoming the ultimate holding company. Corant will also act as the investment vehicle for any future acquisitions for the group.
Approximately 900 people currently work across all the insurance brands that make up Corant, with a combined total revenue of over $175 million and more than $2 billion in insurance premiums placed over the 12 month period ended Sept. 30, 2020.
Corant is led by Steve Hearn, chief executive officer, and Andrew Wallin, president.
“The time is now right for our achievements to be collectively recognised through the launch of a clear and distinctive holding company brand and identity,” commented Hearn. “Corant will be the best home for the best people, and it will drive continued investment across our portfolio of broking, technology, underwriting and advisory businesses.”
About Corant Global
Completely independent, Corant provides global wholesale specialty insurance and reinsurance broking services and underwriting solutions through its specialist brands. Corant has approximately 900 employees worldwide and places approximately $2 billion gross written premium annually. Corant Global Ltd. is owned by BGC Partners Inc., a leading global brokerage and financial technology company.
Source: Corant Global
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