Inver Re names Mark Shumway as Head of Advisory

Inver Re has appointed Mark Shumway as Head of Advisory.

Mark was previously Head of Advisory at Howden, where he launched Howden Capital Markets. Prior to Howden, Mark was Global Head of Advisory at JLT Re, Managing Director and head of Strategic Advisory for APAC at Guy Carpenter.

He has spent over 20 years advising management teams on the launch of new (re)insurance carriers and the expansion of others, bringing fresh capacity to the market.

He has also guided multiple funds in their early investments in (re)insurance risk on a collateralized basis and arranged investment in capacity vehicles. He is an expert in structuring and arranging transactions with alternative capital providers, in insurance credit ratings, solvency regulation, corporate finance, and sector M&A.

Based in London, at Inver he will lead a new advisory practice, working with a growing team of analytics specialists who support clients with bespoke solutions and insights.

Inver Re launched in 2021 as part of the $13 billion premium Ardonagh Group. It has doubled in the last year to employ 100 experts across the major reinsurance hubs of London, Bermuda and the US, and is now the largest independent broker in Bermuda.

Its connected teams advise clients across reinsurance broking, capital solutions and strategic advisory.

Chris Sharpe, head of business development, strategy and innovation said: “Mark brings a remarkable depth of experience and a deep skillset to the Inver Re advisory and analytics team. We are thrilled he has chosen Inver Re for the next chapter of his career and very much look forward to working with him to deliver our world class proposition to clients.”

Mark Shumway, head of advisory, said: “I’m excited to join the talented teams at Inver Re and further expand its services to clients across the world. I can’t think of a finer platform from which to provide clients with insight and customer care-fundamentals often lacking within the broking oligopoly.”

Notes to editors
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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.

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.