Specialist (re)insurance broker names Matthew Crane as chief executive officer of THB Group and President of the International division of AmWINS Group, Inc.
Crane succeeds Frank Murphy, who has served as CEO of THB Group since 2009, who is in his 45th year in the insurance industry. Murphy will transition into a new role as strategic advisor to AmWINS while remaining on AmWINS executive committee.
Throughout his tenure, he has held multiple senior management positions at QBE Insurance Group Plc and most recently served as executive director, market management for QBE. He started his career at Ensign Syndicate 980 serving in varied roles, including deputy underwriter.
THB is the specialist global (re)insurance broking and risk management firm of AmWINS. Since their partnership in 2012, THB has doubled its annual premium placed to more than $2bn and is now the largest independent wholesale broker in the London marketplace.
Crane shared: “In my prior role, I was always impressed with THB and AmWINS’ focus on building great business over short-term gains. I am proud to be joining the AmWINS family and the THB leadership team and feel fortunate to be part of this entrepreneurial firm with such enormous potential for a long-term successful future.”
Scott Purviance, CEO of AmWINS, commented: “THB has experienced incredible growth over the last eight years, and although the world is still reeling from the effects of Covid-19 I am proud that as an AmWINS Group company, THB has the resources, drive and financial strength to continue its expansion.
“Based on his vast underwriting expertise, established industry relationships, and extensive experience in the London and European markets, we believe that Matt is the ideal candidate to lead THB and our International division. Matt will continue our journey of building the best independent London platform and specialty (re)insurance businesses in key markets worldwide.”