Broker expects 2006 revenues of $39m.
Steve Hearn has been confirmed as chief executive of Glencairn's combined London operations in the wake of Hilb Rogal & Hobbs' (HRH) acquisition of the Lloyd's broker.
HRH chairman and chief executive Martin L Vaughan welcomed Hearn to the group: “We are excited to officially welcome Steve Hearn and his associates to our organisation."
HRH completed its acquisition of Glencairn on 1 January 2007. Glencairn employs 150 staff across South Africa, Russian and Australia, as well as London. The broker expects to achieve $39m in revenue for 2006.
Vaughan added: “With the acquisition of Glencairn, we were able to further our strategic objectives by expanding our wholesale and reinsurance capabilities. In addition, this organisation brings immense talent and leadership to HRH's existing London branch, as well as increased access to the Lloyd's of London and other critical international underwriting markets.”
