Specialist insurance and reinsurance broker THB has named Matthew Crane as Chief Executive Officer (CEO) of THB Group and President of the International division of AmWINS Group, Inc.
Crane takes over from Frank Murphy, who has served as CEO of THB Group since 2009 and who is in his 45th year in the insurance industry. Murphy is to transition into a new role as a Senior Strategic Advisor to AmWINS, while remaining on the AmWINS executive committee.
“It’s a testament to the robust nature of THB and AmWINS that despite the global crisis we have been able to continue not only business as usual but also to drive forward our future expansion plans too.
“I am delighted to welcome Matt and, having had the privilege of leading our London and International operations for 11 years, I look forward to my new role and to supporting Matt as he takes the business to the next level,” said Murphy.
Throughout his career, Crane has held numerous senior management positions at QBE Insurance Group Plc and most recently as Executive Director, Market Management for QBE. He started his career with Ensign Syndicate 980 serving in a number of roles, including Deputy Underwriter.
Commenting on his new role, Crane said: “In my prior role, I was always impressed with THB and AmWINS’ focus on building great business over short-term gains. I am proud to be joining the AmWINS family and the THB leadership team and feel fortunate to be part of this entrepreneurial firm with such enormous potential for a long-term successful future.”
THB is the specialist global re/insurance broking and risk management firm of AmWINS. Since their partnership in 2012, THB has doubled its annual premium placed to more than $2 billion and is now the largest independent wholesale broker in the London marketplace.
Scott Purviance, Chief Executive Officer (CEO) of AmWINS, commented: “THB has experienced incredible growth over the last eight years, and although the world is still reeling from the effects of Covid-19 I am proud that as an AmWINS Group company, THB has the resources, drive and financial strength to continue its expansion.
“Based on his vast underwriting expertise, established industry relationships, and extensive experience in the London and European markets, we believe that Matt is the ideal candidate to lead THB and our International division. Matt will continue our journey of building the best independent London platform and specialty (re)insurance businesses in key markets worldwide.”
