Inver Re operates as the reinsurance broking business of Ardonagh Specialty. Credit: Vitalii Vodolazskyi/Shutterstock.

Reinsurance broker Inver Re, a unit of Ardonagh Specialty, has hired Steven Rance as its head of specialty.  

In the newly created role, Rance will be responsible for overseeing a range of sectors including credit, marine, cyber, parametrics, motor and group solutions.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Operating out of London, he will report directly to Inver Re London CEO Jonathan Prinn. 

Rance most recently worked at Gallagher Re, where he held the role of managing partner and head of global mortgage.  

His 35-year experience in the insurance industry includes a decade as head of global mortgage at JLT, as well as leadership roles at US mortgage insurer Radian and Genworth, where he was managing director for structured transactions. 

Commenting on Rance’s appointment, Prinn said: “It is fantastic that Inver Re has attracted someone of Steven’s calibre to create its specialty division and lead the growth of our credit proposition.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The skill he brings to Inver Re will hugely support our growth journey as we cement ourselves as a reinsurance broker that truly offers something different to the market.” 

Rance added: “In addition to setting up the specialty division I am also looking forward to realising the opportunities for Inver Re in the credit space, which will help support home ownership, house building and, in turn, the wider growth of our credit business.” 

Earlier this month, Ardonagh Advisory, part of the Ardonagh Group, expanded its portfolio by acquiring Solutions Healthcare, a broker that provides insurance services to commercial and individual clients throughout the UK.  

Furthermore, last month, Ardonagh Advisory strengthened its position in specialised insurance for private clients by acquiring Hoxton Risk Services. 

Hoxton Risk Services was founded in 2020 by high-net-worth underwriting expert Justin Gott, and offers policies covering vehicles, residential and investment properties, and travel.