Posted in News on 18 Aug 2021
Alesco Risk Management Services (Alesco) has appointed Donald Alcorn to head up Alesco Delegated Authority.
London, 18 August 2021: Alesco Risk Management Services (Alesco) has appointed Donald Alcorn as Managing Director of its global delegated authority practice.
Donald has been with Alesco for over 10 years, having most recent been Managing Director for the UK. In his new role he will head up the 50 strong team which is based primarily in London and services clients globally. Donald has worked in the London Market for over 25 years specialising in binding authorities and joined Gallagher as part of the Oxygen acquisition.
Alesco Delegated Authority has a portfolio of approximately 300 contracts for over 125 agents around the world and manages gross premiums in excess of $1 billion. The practice works with MGAs, cover holders and specialist brokers from over 30 countries and supports both well-established clients, and MGAs during start-up phase where the team can offer assistance from concept to operation by providing advice on providers of regulatory permissions, direct regulatory authorisation and sources of working capital funding and systems providers.
Specialist products include lender service-related products (including mortgage impairment, forced placed and flood), commercial property, general liability, personal lines, commercial and private motor, specialist liability products, accident and health, financial lines, title insurance and bloodstock.
Commenting on his new role, Donald said: “I have been part of the Alesco team for a number of years and I am very pleased to be able to take on leadership of this knowledgeable and hardworking group of risk professionals.
“We use our connections to introduce underwriters to MGAs, other brokers and cover holders to find a successful and profitable solution for their requirements. Our team differentiates itself by working hand-in hand with clients and the market. Our role is not to simply place capacity contracts but to manage, analyse and optimise them. I believe our track record is second to none in terms of delivering solutions and I look forward to working with the wider team to further develop our services.”
Jonathan Turner, CEO of Alesco added: “I am delighted we have been able to appoint one of our existing talented team members into this important leadership role within Alesco. Donald has done a fantastic job leading our UK offering, and his wealth of experience and track record of client delivery means he is well placed to oversee the next phase in the growth and development of our delegated authority offering. ”
For further press information, please contact:
Emma Banks, PR & Media Relations
+44 (0) 7894 158605 email@example.com