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Ardonagh senior London exits continue with Clarkson, Smaje, MacMillan and Turnbull

Private equity-backed Ardonagh has seen yet another wave of high-profile departures in London, with executives including Piiq Risk Partners co-founder Philip Smaje and Ed’s specialty CEO Heather Clarkson exiting the broker consolidator,

Smaje – who has served as head of broking at Ardonagh Specialty for the past year – has left the firm.

He joined the business through Ardonagh’s $500mn acquisition of Corant Global (previously BGC Partners), which saw intermediaries Piiq, Ed Broking and Besso added to Ardonagh’s specialty segment in November 2021.

In addition, London-based Graeme MacMillan, CEO of distribution and portfolio solutions, is understood to be leaving the group, having served in the role for more than three years.

MacMillan joined the firm in 2019, with previous roles including director of international brokers at Aviva and CEO of the UK markets division at Marsh.

The latest departures also include Ardonagh Specialty’s corporate development officer and former Bishopsgate CEO Jonathan Turnbull.

Having spent four years in the specialty segment, Turnbull previously served as chief financial officer of Ardonagh Specialty. He served as CEO of Bishopsgate Insurance Brokers from June 2019 to November 2020.

Prior to Ardonagh, he spent eight years at RFIB Group first as CFO and later CEO.

Clarkson, divisional CEO of specialty at Ed, rounds up the latest flurry of exits. Previously marine managing director, she joined Ed in 2018 from Aon where she served as chief broking officer for marine for almost three years.

The quartet represent the latest in a series of senior exits from the Ardonagh Group.

 

 Last month, The Insurer revealed several exits from Ardonagh Bermuda following the announcement that Ed Bermuda would be effectively assumed into Price Forbes under Chris Bonard.

Departures included Galen Brislane and Kieran Bowling, who served as executive vice president and casualty reinsurance broker at Price Forbes Bermuda respectively.

In addition, Ed Bermuda’s head of cyber insurance David Porter was understood to have tendered his resignation. At the same time, London-based director Danielle Thorsteinson ended her five-year stint at Price Forbes.

Earlier this week, The Insurer reported that John Thompson will head up Ardonagh Specialty’s tangled London broking operations – an appointment trailed by this publication the previous week – with the group also elevating its Price Forbes and Bishopsgate platforms and effectively retiring others as it continues the delicate task of consolidating its collection of acquired specialty businesses.

Ardonagh was contacted for comment on this article but did not immediately respond.

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