Specialist re/insurance broker McGill and Partners has expanded its financial lines offering with the appointment of three new partners: Paul Morgan, Breda Duignan, and Abel Budd.
Morgan has 25 years of experience in the insurance industry, focusing specifically on financial institutions. He has worked for all major global brokers and was most recently the head of the financial institutions' team at Gallagher. He has experience working with a broad range of clients, including tier-one banks and global hedge funds, individual investment vehicles, and start-up companies.
Duignan has also been in the insurance market for 25 years and joins McGill and Partners from Aon. She specialises in financial lines solutions for large global clients, including FTSE 100 companies, banks, asset managers, and insurance companies.
Budd, meanwhile, has a background in both broking and underwriting and brings 11 years of experience to the team. He joins from the executive risks team at Beazley, where he was a senior underwriter. Throughout his career, he has focused particularly on directors’ and officers’ liability, employment practices liability, sexual abuse liability, pension trustees’ liability, and commercial crime.
“It is fantastic to be able to welcome colleagues of the calibre of Paul, Breda and Abel to the financial lines team at McGill and Partners,” said Julian Martin, head of financial lines at McGill and Partners. “Each brings in-depth knowledge and expertise in their respective specialist lines, and we are excited to be able to offer our clients an even wider breadth of capabilities as we help them with their most complex and challenging needs.”
The new partners join McGill and Partners’ financial lines team as it continues to expand its blue-chip client base. The firm also recently expanded its marine offering with the formation of a new team focused on ports and terminals.
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