Effective July 1, global specialist (re)insurance broker McGill and Partners has appointed Dominic Mignon as group chief financial officer.
Mignon will succeed Oliver Corbett, one of McGill and Partners’ founders. Corbett, who served as CFO for more than four years, will continue to serve the company as an investor and advisor.
Corbett was one of the original architects of the company, assisting to establish it in 2019. Since then, he has served as a board member and executive committee member, assisting in the expansion of the firm into new specialties and territories.
In March 2022, Mignon was designated deputy CFO as part of a succession plan. He will assume the position of group CFO pending confirmation of any pending approvals.
Steve McGill, founder and CEO of McGill and Partners, stated, “On behalf of both myself and the board, I would like to extend our thanks for the exceptional role Oliver has played as we have rapidly built a global business at scale with over 500 colleagues, exceeding US$100 million in revenue in 2021, our second full year of trading, and achieving underlying profitability in 2022, our third full year of trading.” “I am thrilled that Oliver will continue to serve as both an investor and a consultant for the company. I am ecstatic that we have a natural successor in Dominic Mignon, and I look forward to working with him in his future capacity as group CFO as we continue to develop the company for the benefit of all stakeholders.”
James O’Gara of private equity firm Warburg Pincus, an investor in McGill and Partners, stated, “Oliver played a crucial role in the formation of McGill and Partners, working closely with us at Warburg Pincus to help grow a significant and differentiated business in the insurance industry.” “We’d like to add our thanks and look forward to continuing to work with Oliver in his new advisory role.”
“It has been an extraordinary honour to establish a company, nurture it through COVID, move it to underlying profitability, and position it well for the future,” Corbett said. “The time has come for me to stand aside and assume my new advisory role. I remain a long-term McGill and Partners investor and wish Steve, Dominic, and the entire team continued success.”