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The broker’s fac reinsurance division will encompass around 70 staff, it is understood. -
It is the second deliverable of the FIT Transition Plan Project.
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The broker has expanded the number of global industry verticals to seven from four.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The soft market continued through H1 2025, especially on shared programs.
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P&C’s outperformance lead dwindles, while specialty rises above other segments.
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The LA wildfires accounted for 59% of loss activity over Q1.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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