Press Notices > Ernst & Young launches insurance run-off team
06 May 2008
Kevin Gill to head up new team
London, 1 May 2008: Kevin Gill joins Ernst & Young today as lead partner for the firm’s newly-created insurance run-off team. Based within the firm’s Financial Services’ transaction advisory services practice, Kevin will be responsible for building Ernst & Young’s existing capabilities in this important area of the insurance and reinsurance markets and growing the team.
Until recently, Kevin worked in his own consultancy where he developed and advised underwriters and brokers on dealing with their legacy businesses. Prior to this, he spent 18 years – most recently as director – at PricewaterhouseCoopers, where he specialised in non-life insurance and in the restructuring and insolvency of underwriters and intermediaries.
Kevin has advised many companies on using schemes of arrangement to bring finality to their run-off, including advising the major solvent participants in the successful Willis Faber Underwriting Management underwriting pools scheme.
An associate of both the Institute of Chartered Accountants in England & Wales and the Chartered Insurance Institute, Kevin has also spent some time on secondment in the Lloyd’s brokers department.
Will Bridger, lead partner for Ernst & Young’s insurance transaction advisory services, said: “I am delighted that Kevin is joining us to lead the dedicated insurance run-off team. He brings a wealth of experience, not just in dealing with underwriter legacy, but also in restructuring other financial services entities such as intermediaries.”
Kevin Gill, lead partner for Ernst & Young’s insurance run-off team, said: “Changes in European Union regulations provide opportunities for European insurers to restructure their businesses to make better use of their capital. I am looking forward to further advising Ernst & Young clients on ways to restructure their businesses to ensure they get the best value from their capital.”
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For more information please contact:
Clare Rice, Ernst & Young media relations, on 020 7951 7019 or crice@uk.ey.com
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