Insurance and reinsurance brokerage Beach has announced the formation of a new specialty and wholesale platform, that will be led by John Sutton and Toby Humphreys, former joint leaders at Integro UK.
Humphreys served as Chairman and Sutton as President of International Operations at Integro UK, and both joined the firm through its 2005 acquisition of HHS, of which they were founders and directors, alongside Simon Haggas, who is also set to join Beach.
Humphreys, Sutton and Haggas are expected to join Beach on March 19th, 2018.
Beach Chief Executive Officer (CEO) Grahame Millwater, commented on the new platform: “Beach is evolving rapidly as we continue building a world class reinsurance and specialty platform. We are now committed to developing a London based wholesale operation within Beach, which will have a broad insurance and specialty focus. We are delighted that John, Toby and Simon, a seasoned management team with a proven track record in building and expanding independent wholesale broker operations, will be joining us to lead this effort.”
Sutton, commented: “We have been flattered by a number of attractive options from broking firms and potential investors in the last year, but the opportunity presented by Beach is unique and impossible to pass up. Beach has a peerless reputation as a privately owned broking and advisory firm and their ambitions to further evolve in our particular areas of expertise present a tremendous opportunity.”
Humphreys, added: “We are looking forward to joining Beach’s first-rate team. We will build a specialty and wholesale team with the same vigour and ethos for which Beach is known and which is based on placing clients and colleagues at the centre of everything we do.”