Beach forms new specialty platform

12-03-2018

(Re)insurance broking and advisory firm Beach, which has an office on Bermuda, has created a new specialty and wholesale platform based in London.

The platform will be headed by former Integro leaders John Sutton and Toby Humphreys. Sutton and Humphreys will be joined by former fellow Humphreys Haggas Sutton (HHS) and Company partner Simon Haggas and will report to Beach Specialty chief executive officer Shane Doyle. All three will join Beach on 19 March 2018.

Humphreys and Sutton previously held joint leadership roles at Integro UK for over a decade, with Humphreys serving as chairman and Sutton as president of international operations. They joined Integro through Integro’s 2005 acquisition of HHS, of which they were founders and directors, alongside Simon Haggas.

“Beach is evolving rapidly as we continue building a world class reinsurance and specialty platform,” said Beach chief executive officer Grahame Millwater. “We are now committed to developing a London based wholesale operation within Beach, which will have a broad insurance and specialty focus. We are delighted that John, Toby and Simon, a seasoned management team with a proven track record in building and expanding independent wholesale broker operations, will be joining us to lead this effort.”

“We have been flattered by a number of attractive options from broking firms and potential investors in the last year, but the opportunity presented by Beach is unique and impossible to pass up,” Sutton commented. “Beach has a peerless reputation as a privately owned broking and advisory firm and their ambitions to further evolve in our particular areas of expertise present a tremendous opportunity.”

“We are looking forward to joining Beach’s first-rate team,” added Humphreys. “We will build a specialty and wholesale team with the same vigour and ethos for which Beach is known and which is based on placing clients and colleagues at the centre of everything we do.”

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Bermuda Re