Teneo announces added investment in talent

Teneo has announced a major investment in its integrated insurance advisory practice, with a series of new hires reaffirming its position as a trusted partner for insurance and reinsurance businesses worldwide.

In addition to hiring Mark Allitt as a senior managing director in Bermuda, Michael Tagg, an insurance restructuring specialist and also formerly with KPMG, has also joined Teneo’s UK Financial Advisory team.

Teneo advises chief executives, boards and executive teams to thrive in an ever-evolving landscape.

The expansion of Teneo’s Insurance and Reinsurance Advisory Practice now means that it will provide a full service offering to insurance and reinsurance businesses – large and small, incumbents and challengers, private and public – across the globe, from business formations and combinations to acquisitions and divestments, driving brand reappraisals to strategic narrative development, navigating reputational issues to regulatory affairs, managing financial stress and distress, through to executive searches and organizational change and design.

The new senior team now includes:

Financial Advisory

• Mike Morrison, Charles Thresh, and Mark Allitt all based in Bermuda

• Alexander Schnieders, based in New York City

• Mick Summersgill and Michael Tagg, based in London

Strategic Communications and Investor Relations

• Selena Callas, Doug Campbell, and Iain Dey, based in London

People Advisory

• Toby Crosthwaite and Freddie Williams -Thomas, based in London

Dan Butters, chief executive of Teneo Financial Advisory added: “We are delighted to welcome such experienced and highly regarded insurance professionals to Teneo and our newly formed Insurance and Reinsurance Advisory Practice. With this major investment in our insurance team we are uniquely placed to advise our insurance clients across their entire corporate lifecycle, being a trusted partner to help them navigate and transform their businesses in the face of financial, ESG, geo-political, regulatory and societal change.”