International wholesale and specialty reinsurance brokerage, Ed, has received a commercial insurance intermediary license by the Guernsey Financial Services Commission, and also announced the appointment of Nick Bachmann, as it expands its offering on the island.
Bachmann joins Ed from rival insurance and reinsurance broker, Willis Towers Watson, and will assume the role of Divisional Director of Professional & Executive Risks, tasked with directing the expansion of Ed in Guernsey.
His appointment is effective immediately, and he will report to Director, Professional and Executive risks, James Baird.
The broker recently announced the expansion of its professional and executive risks offering, and Bachmann will work closely with Mark Lowndes, Mike Fraser, Kevin White, Greg Smith, James Faith, and Neal Hughes, says Ed.
Baird, commented on both the Guernsey license and the appointment of Bachmann; “Obtaining a license in Guernsey is indicative of the Ed strategy and of how we will build our professional and executive risks business. This allows us to offer clients in this important, international financial centre direct access to global capacity and expertise whilst delivering solutions locally.
“Nick’s local expertise and understanding of international financial markets makes him the ideal candidate to drive our aspirations in Guernsey. I am very pleased to welcome him to the team.”