Specialty risk solutions business McGill & Partners, founded this year by insurance broking veteran Steve McGill, has grown its employee headcount from five to 134 and is set to oversee $250 million of premium flow going into 2020.
The build-out and growth of the business was financed through an initial equity commitment of up to $250 million from funds affiliated with Warburg Pincus plus additional commitment from management.
McGill and Partners expects to be serving over 1,000 clients next year and has also initiated preparations to launch in New York and Miami.
The company offers an employment package that includes no set working hours or limits on holiday, and benefits including 12 months full pay maternity and adoption leave and six months full pay paternity leave.
The firm has announced the appointment of former JLT Specialty Chief Executive Officer John Lloyd as Chairman, while officially naming some of its key leadership team.
Joe Trotti is head of aviation and aerospace; Brian Kirwan is head of structured solutions; Gordon Longley is head of marine and cargo; Tim Fillingham will head the Energy and Power business; Chris Stevenson will lead the complex property and casualty division; Angus Milgate will join in 2020 as head of the treaty reinsurance division; and Paul Summers, former head of international facultative at Guy Carpenter, will join McGill and Partners in 2020 in a similar role.
“We are proud to be building a new British business at scale, despite the context of Brexit,” said McGill.
“We launched McGill and Partners, one of the largest new business enterprises in the UK in 2019, to provide clients with focused, high quality broking and advice in a consolidating market.
“We want to be deliberately different by design, culturally as well as strategically.
“We’ve created a unique employment package which is built on a contract of trust. Within that, we believe in our staff to do the right thing and do what’s best for them and their work/life balance. I’m incredibly excited about the huge opportunity we have ahead.”