THB, the specialist insurance and reinsurance broker, yesterday welcomed Matthew Crane as the new Chief Executive Officer of THB Group and President of the International division of AmWINS Group, Inc., global distributor of specialty insurance products and services.
Crane succeeds Frank Murphy, who has served as CEO of THB Group since 2009 and who in his 45th year in the insurance industry transitions into a new role as a Senior Strategic Advisor to AmWINS, while remaining on the AmWINS executive committee.
“It’s a testament to the robust nature of THB and AmWINS that despite the global crisis we have been able to continue not only business as usual but also to drive forward our future expansion plans too,” said Murphy. “I am delighted to welcome Matt and, having had the privilege of leading our London and International operations for 11 years, I look forward to my new role and to supporting Matt as he takes the business to the next level.”
“In my prior role, I was always impressed with THB and AmWINS’ focus on building great business over short-term gains,” said Crane. “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.”
An industry veteran, Crane has held several senior management positions at QBE Insurance Group PLC and most recently served as Executive Director, Market Management for QBE, where he was responsible for sales, distribution, client management, and risk management for all QBE Europe insurance activities. Crane began his career at Ensign Syndicate 980 serving in a variety of roles, including Deputy Underwriter. Crane is an ACII-qualified Chartered Insurer and a Chartered Director (CDir FloD).
THB is AmWINS’ specialist international (re)insurance broking and risk management firm, serving clients and markets through a global platform of owned offices, network partnerships and local expertise. Since its partnership with AmWINS in 2012, THB has doubled its annual premium placed to more than $2 billion and is now the largest independent wholesale broker in the London market.
“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,” said Scott M. Purviance, Chief Executive Officer of AmWINS. “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.”