Ed, the global reinsurance, wholesale and specialty broker, today announces the appointment of Michael Lock as divisional director in its professional and executive risk team, effective immediately. Michael will report to Niraj Perera, head of transactional risk.
In this role Michael’s financial acumen and private equity expertise will provide invaluable support in offering insurance solutions for M&A transactions, including warranty and indemnity, tax liability and contingent liability. Michael, a Big 4 qualified chartered accountant, has over 10 years of transactions experience. He has spent the past five years investing either directly for private equity funds or as part of buy and build programmes for their portfolio companies.
Niraj commented: "Michael’s appointment closely follows the arrival of Robert Coward and evidences Ed’s continued expansion of our bespoke transactional risks offering. Despite the current economic climate, Ed has a strong focus on the M&A market, and continuing to hire and invest in the best industry talent means that we can provide top-tier support and advice to our clients. Michael’s UK and international investment expertise and experience working on M&A transactions will be an asset to our team, as we deliver specialty solutions to our private equity, legal and corporate clients."
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Ed is owned by The Ardonagh Group, the largest independent insurance broker in the UK.
Ardonagh Specialty is the holding company and growth platform for leading independent brokers Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners and Price Forbes. Combined, we have 1700 colleagues globally and manage $5 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.
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 8,000 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.