Glencairn and Park London have completed a transfer agreement under which the majority of Park London's insurance and reinsurance accounts move to Glencairn...
Glencairn and the Lloyd's broker Park London have completed a transfer agreement under which the majority of Park London's insurance and reinsurance accounts move to Glencairn.
Park's portfolio consists of a broad range of classes including accident and health, property and casualty, marine and contingency business. As part of this agreement, William White, the managing director of Park London and a number of Park's team have joined Glencairn Re.
Steve Hearn, chief executive of Glencairn commented: “This agreement will allow Park London's client base to continue to expect the highest levels of service bolstered by the resources of Glencairn. It will also boost our own portfolio and contribute to our growth plans.”
Paul Scope, chairman and chief executive of Park London said: “We have known Glencairn for some time, as one of their clients and also as trading partners, both in London and Bermuda, and believe this agreement will be a positive development for our clients and helps us achieve a strategic goal.”