Financial Services Capital, a private equity investor dedicated to the European financial services sector, has appointed Kevin Cunningham, an insurance specialist with more than 25 years’ experience in the financial services industry, as its newest Partner.
Cunningham, who will lead FSC’s investments in the insurance sector, joins from Stephens Europe, where he was a Managing Director of the Financial Services Group. He has over two decades of investment banking experience, advising public and private insurance companies on mergers, acquisitions, strategy, restructurings and fundraisings, and has broad experience across the financial services sector. Kevin was also one of the founders of Fenchurch Advisory, helping to create and build the leading specialist financial services boutique largely focused on the asset management and insurance sectors.
Cunningham says: “The European insurance industry comprises some 3,200 insurance companies with gross written premiums amounting to EUR1.3 trillion. The insurance distribution model is highly fragmented, with the number and type of intermediary varying widely by geography. FSC is ideally positioned to capitalise on the trend for consolidation, for larger insurers to divest non-core operations and smaller and mid-market insurers in need of transformation.”
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