Ardonagh Specialty appoints Steven Rance as Head of Specialty at Inver Re London

Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to the newly created position of Head of Specialty.

Steven will be based in London and his Specialty remit will include Credit, Marine, Cyber, Parametrics, Motor, and Group Solutions. He will report into Inver Re London CEO Jonathan Prinn.

Steven joins from Gallagher Re where he was Managing Partner and Head of Global Mortgage. Prior to that he spent 10 years as Head of Global Mortgage at JLT. In his 35-year career he has also held the roles of European MD for US mortgage insurer, Radian and MD for Structured Transactions at mortgage insurance specialist Genworth.

Steven commented: “This is an exciting time to join Inver Re and I have an opportunity to build on the early success of the organisation and develop a Specialty team which will harnesses the skills of some hugely talented people. I was attracted to the Inver Re business as its relationship to Ardonagh means it can leverage the scale of that business while also focusing on bespoke and specialist work for its reinsurance clients.

“In addition to setting up the Specialty division I am also looking forward to realising the opportunities for Inver Re in the credit space which will help support home ownership, house building and, in turn, the wider growth of our credit business.”

Jonathan Prinn, Inver Re London CEO, added: “It is fantastic that Inver Re has attracted someone of Steven’s calibre to create its Specialty Division and lead the growth of our credit proposition. In the past Steven has headed-up the UK’s first government-backed mortgage insurance programme and led the development of mortgage insurance schemes for housebuilders. The skill he brings to Inver Re will hugely support our growth journey as we cement ourselves as a reinsurance broker that truly offers something different to the market.”

ENDS

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Ardonagh Specialty

Ardonagh Specialty Ardonagh Specialty is the holding company and growth platform for leading independent brokers Bishopsgate, Inver Re and Price Forbes. Combined, we have 1400 colleagues globally and manage over $7 billion in gross written premium. With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.

About Inver Re
Founded in 2021 as part of The Ardonagh Group, Inver Reinsurance Brokers Limited aims to bring a fresh perspective to reinsurance and establish a credible alternative in a market where choice and flexibility are increasingly limited. Our energy and purpose are born out of a unique combination of the scale and resources of the UK’s largest independent insurance broking group and the flair and expertise of our team. www.inverre.com

Inver Re (Bermuda) Limited is authorised and regulated by the Bermuda Monetary Authority (56087). Our registered office is Canon’s Court, 22 Victoria Street, Hamilton, Bermuda. Our trading address is 34 Bermudiana Road, BCB Building, Pembroke, HM 11, Bermuda.

The Ardonagh Group

The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of more than 100 locations and a combined workforce of more than 10,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs. For more information, visit our website: www.ardonagh.com.