McGill and Partners taps DARAG/Zurich executive to drive key expansion plans
Specialist re/insurance broker McGill and Partners has expanded its structured solutions team with a new partner hire from DARAG.
Andy Hill (pictured) has spent over a decade executing alternative risk transactions for multiple lines of business in North America, UK, Continental Europe and Bermuda.
He joins from DARAG Group, where he held the role of Group COO during a period of international expansion. Previously, he was head of restructuring in North America at Zurich Insurance Company, where he worked for nearly seven years.
In his new role, Hill's key focus will be on retrospective solutions, helping clients to achieve capital and operational relief, as well as economic and legal finality in their (re)insurance carriers and captives through the reinsurance of P&C legacy (run-off) portfolios.
McGill hopes Hill joining the structured solutions team will be vital to the company expanding into the market of alternative and retrospective risk transfer.
Andrew Matson, head of structured solutions at McGill and Partners, said: “With a strong background in speciality (re)insurance and an excellent reputation in our sector, Andy will be a valuable addition to the team at McGill and Partners. Our business continues to grow through investing in our people and expanding our propositions so we can achieve the best solutions for our clients; Andy will play a key role in these expansion plans.”
Hill commented: “I joined McGill and Partners because I wanted to work with a broker that operates without silos and therefore brings the very best of its talent to bear in delivering innovative, tailored solutions for its clients. We are seeing strong demand for bespoke legacy solutions from (re)insurance carriers seeking capital relief on old underwriting years to facilitate growth in their commercial books; this new opportunity affords me the ability to make a difference for our clients at a crucial point in the underwriting cycle.”
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