Ed and Besso parent BGC Insurance rebrands as Corant Global

Global brokerage and financial technology firm BGC Partners, which owns Ed, Besso, Piiq Risk Partners and Junge as well as MGAs Cooper Gay, Globe Underwriting and Epsilon, has unvieled its new holding company, called Corant Global.

Corant is the new name for BGC Insurance (BGCI). Its broking operations, including Ed and Lloyd's broker Besso, will continue to operate under their separate brands, with Corant becoming the ultimate holding company.

Corant will also act as the investment vehicle for any future acquisitions for the group.

Corant will be led by Steve Hearn as chief executive officer, and Andrew Wallin as president.

Hearn noted that the company has built a "strong reputation as an expert insurance sector player" and seen rapid growth over the past few years.

“We have ambitious plans for our future to further capitalise on the many opportunities we see," he said. “The time is now right for our achievements to be collectively recognised through the launch of a clear and distinctive holding company brand and identity. Corant will be the best home for the best people, and it will drive continued investment across our portfolio of broking, technology, underwriting and advisory businesses.”