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    Faber and Dumas Appoints Nigel Cotton as Finance Director and Chief Operating Officer

    London, UK, March 30, 2009 - Faber and Dumas, the third-party wholesale insurance broking group, today announced the appointment of Nigel Cotton as Finance Director and Chief Operating Officer, effective immediately. In his new role, Cotton will report to Steve Hearn, CEO of Faber and Dumas, while retaining his current position as Finance Director of Glencairn, one of the independent companies under the Faber and Dumas umbrella.

    A qualified accountant and MBA, Cotton brings more than 15 years of insurance and finance experience to Faber and Dumas. He joined the Group Finance department of Willis in 1994 and has held a number of positions, including running the Business Analysis Unit, during which time, he worked with the senior management team on the Kohlberg Kravis and Roberts-backed buy out of Willis.

    Later, he worked as Finance Director in various Willis divisions, including Marine and Global Markets. In 2004, Cotton was made Operations Director of FINEX, Willis’ financial and executive risks division, and in June 2008, he joined Glencairn, a leading international insurance broker, as Group Finance Director. Glencairn became the cornerstone of the newly formed Faber and Dumas in October 2008.

    Commenting on Cotton’s appointment, Hearn said, “Nigel is one of the main drivers behind the smooth integration of Glencairn into Faber and Dumas. He will be a key member of the senior management team within Faber and Dumas and takes on this position right at the start of this exciting new venture.”

    Faber and Dumas provides specialist services in a number of areas including property, accident and health; fine art, jewellery and specie; kidnap and ransom, bloodstock; energy; construction; cargo and casualty lines.

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