Bridge Specialty Group announces appointment of Tim Coles as chief executive officer for European brokerage operations
22 November 2023 - 12:45PM
Bridge Specialty Group announces appointment of Tim Coles as chief
executive officer for European brokerage operations
Bridge Specialty Group, the Wholesale Brokerage segment of Brown
& Brown, Inc. (NYSE: BRO), announced that Tim Coles has been
named chief executive officer (CEO) for the European brokerage
operations of Bridge Specialty Group, effective January 1, 2024.
Most recently, he served as CEO of Xenia Broking Group, part of
Kentro Capital Limited, which was acquired in October 2023. Tim
began his insurance career at Howden, where he served for 13 years,
first as CEO of the London broking business and then as CEO of
Howden Broking Group.
Stephen M. Boyd, president of Bridge Specialty Group, shared,
“Over the last few years, we have been diligently enhancing our
London brokerage capabilities. The acquisitions of Lonmar and
BdB, in addition to our longstanding London brokerage firm Decus,
have provided Bridge Specialty Group with an increasingly diverse
set of capabilities in terms of segment specialization and
geographic reach to better serve the evolving needs of our
customers. We are excited to announce Tim’s promotion to CEO
of Bridge Specialty’s European brokerage operations. He will
work closely with existing leaders across our London brokerage
business to further grow our platform while providing additional
market access and products for customers across the globe.”
Commenting on this appointment, Mike Bruce, chief executive
officer of Brown & Brown Europe, said, “We are delighted that
Tim is taking on this newly created role, as he combines the
experience of operating within the London Market with a proven
track record of leadership and delivering business growth. Our
London brokerages provide complementary resources across a number
of risk categories by combining the abilities of a superbly
talented group of colleagues and teammates.
David Pexton, currently CEO of Lonmar, will take this
opportunity to step away from his executive responsibilities,
transitioning to a new role in supporting Tim and the combined
operation during this transition and focusing on key customer and
market relationships.”
About Bridge Specialty Group
Bridge Specialty Group, LLC was launched in February 2021 by
Brown & Brown, Inc. to encompass its broad portfolio of
wholesale insurance businesses and is focused on bringing the power
of collective size and specialty to the wholesale brokerage
marketplace. Composed of more than 25 boutique brands, Bridge
Specialty Group is creating a more seamless way to connect the
varying needs of our retail partners with the market clout and
talents of our wholesale entities. To learn more about Bridge
Specialty Group and our team of niche-focused brands, visit our
website at bridgespecialtygroup.com.
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance
brokerage firm, delivering risk management solutions to individuals
and businesses since 1939. With 16,000+ teammates in approximately
500 locations worldwide, we are committed to providing innovative
strategies to help protect what our customers value most. For more
information or to find an office near you, please visit
bbinsurance.com.
For more information:
- U.S. Press
Inquiries – Steve Boyd, President, Bridge Specialty Group;
+1 760 710 6865
- U.K. Press
Inquiries – Ben Welsh; 07568 382040
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future results, which are forward-looking statements, including
those associated with Bridge Specialty Group. These statements are
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