BGC Insurance (BGCI), the parent company of Ed Broking and a number of other brokerage companies, has changed its name to Corant Global.
Corant is the new name for the holding company for all the insurance interests of BGC Partners, comprising all of its broking operations including Besso, Piiq Risk Partners and Junge, as well as Ed.
It also includes the group’s MGAs Cooper Gay, Globe Underwriting and Epsilon.
Those firms continue to operate under their separate brands. Corant will also act as the investment vehicle for any future acquisitions for the group.
Corant is led by Steve Hearn as chief executive officer and Andrew Wallin as president.
Approximately 900 people currently work across all the insurance brands that make up Corant, with a combined total revenue of over $175 million and more than $2 billion insurance premiums placed over the trailing twelve months-ended September 30, 2020.
Hearn said the group wanted to create a clear and distinctive holding company brand and identity. “Over the past few years, the platform has grown rapidly and we have ambitious plans for our future to further capitalise on the many opportunities we see,” he said. “Corant will be the best home for the best people, and it will drive continued investment across our portfolio of broking, technology, underwriting and advisory businesses.”
The name change remains subject to regulatory consent.
Corant Global, Ed Bermuda, BGC Insurance, Steve Hearn, Andrew Wallin