Corant will become the holding company for all the insurance interests of BGC Partners, a global brokerage and financial technology company.
As the new name of BGC Insurance, Corant will comprise its broking operations Ed, Besso, Piiq Risk Partners and Junge as well as the group’s MGAs Cooper Gay, Globe Underwriting and Epsilon.
The firms will continue to operate under their separate brands, with Corant becoming the ultimate holding company.
In addition, Corant will act as the investment vehicle for any future acquisitions for the group.
The firm will be led by Steve Hearn, CEO and Andrew Wallin, president.
Through considerable investment, Hearn says: “We have established a strong reputation as an expert insurance sector player with industry-changing ambitions.”
He continues: “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,” he concludes.
