Corant Global Limited, the new name for BGC Insurance (BGCI), has launched today and will become the holding company for all the insurance interests of global brokerage and financial technology firm, BGC Partners, Inc.
Corant will comprise of insurance and reinsurance broking operations Ed, Besso, Piiq Risk Partners and Junge, alongside the group’s MGAs Cooper Gay, Globe Underwriting, and Epsilon.
These entities will continue to operate under their separate brands, with Corant becoming the ultimate holding company. Additionally, Corant will serve as the investment vehicle for any future acquisitions for the group.
Corant is led by Steve Hearn as Chief Executive Officer (CEO) and Andrew Wallin, as President. Currently, around 900 people work across the insurance brands that make up Corant, with a combined total revenue of more than $175 million, and $2 billion+ insurance premiums placed over the twelve-month period ended September 30th, 2020.
Hearn commented: “Through considerable investment, we have established a strong reputation as an expert insurance sector player with industry-changing ambitions.
“We have a multi-channel platform that is packed with market leaders across the group, and we have built a reputation for empowering those talented colleagues to deliver exceptional results for our customers. Over the past few years, the platform has grown rapidly and we have ambitious plans for our future to further capitalise on the many opportunities we see.
“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. 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.”
