Broker and technology company BGC Partners has launched a new holding company for its insurance interests called Corant.

Corant will become the new name for BGC Insurance. It will comprise broking operations Ed, Besso, Piiq Risk Partners and Junge as well as the group’s MGAs Cooper Gay, Globe Underwriting and Epsilon.

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

Steve Hearn, CEO at Corant, said: “We have a multi-channel platform that is packed with market leaders across the group, and we have built a reputation for empowering those talented colleagues to deliver exceptional results for our customers. Over the past few years, the platform has grown rapidly and we have ambitious plans for our future to further capitalise on the many opportunities we see.

“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.”

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