Managing partner confirms numerous potential targets, including six MGAs and two brokers
Alpine Risk Services has added former Heritage Managing Agency chief financial officer Nick Denniston to its advisory panel.
Alpine launched last year, with backing from private equity firm Alcuin Capital Partners, to provide funding to firms in the general insurance sector, such as brokers and managing general agents, by buying minority and majority stakes.
Denniston recently left Lloyd’s insurer Heritage, which was acquired by Argo International in 2008, where he spent four years as chief financial officer, as well as a brief stint as interim chief executive last year following the departure of Richard Pexton, before being replaced by Julian Enoizi.
Alpine founder and managing partner Francis de Zulueta said that Denniston’s previous experience as managing director of Swiss Re’s private equity investment firm, Securitas Capital, as well as his background in insurance, would enable him to make a valuable contribution.
“We very much hope with Nick and the others on the panel this year that they will be able to add value to the proposition going forward.”
De Zulueta also confirmed that Alpine currently had a healthy pipeline of potential targets, including five UK MGAs, one European MGA, one Lloyd’s broker and one international broker.