Q360 is backed by run-off buyer Tawa
A new London-based commercial broker called Q360 has been launched today.
Q360 Ltd will initially operate in onshore energy, property, binding authorities, professional indemnity and non-recourse finance construction.
David Merry is the new broker’s chief executive, and Tawa, best known for buying run-off reinsurers, has provided the capital backing.
The founders are Merry, Graham Kilby and Richard Burggraf.
In addition to providing capital backing, Tawa is providing Q360’s post-placement services via its subsidiary, Pro.
“The wholesale broking sector has a number of systemic issues that many companies are failing to address or do not have the vision or capital to address,” Merry said. “Q360 is a totally client-focused business and Tawa is a partner that shares our ambition and vision.”
Tawa chief operating officer David Vaughan added: “At Tawa, we realised that the wholesale broking sector presented an opportunity for a company operating from a high-tech platform, free of legacy issues. This combination gives markets efficient distribution and provides clients with access to broking talent free from external and internal distractions.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet