Specialist professional risks broker Mega Capital has been relaunched as Finstead Risk Solutions, a new insurance broking and advisory venture led by three former Sydney-based InterRISK executives.

Finstead Risk Solutions CEO and Director James Sinclair was CEO at Mega Capital for almost three years until the majority of the business was acquired by fellow Steadfast member GSA Insurance Brokers last year.

In 2004, he was one of the earliest employees at InterRISK - now known as Austbrokers Corporate - heading the professional and financial lines team nationally after almost eight years at Aon Risk Services, where he was Managing Principal.

“I'm delighted to formally announce the formation of Finstead Risk Solutions from the corporate shell of Mega Capital,” Mr Sinclair said. “Joining with two long-standing and highly respected colleagues in Dennis Guy and Cameron Reaney, it is an exciting time.

“We are extremely grateful for our foundation clients and look forward to continuing to develop strong relationships as insurance brokers and risk advisors.”

Mr Guy was Chairman and CEO at InterRISK Australia for a decade until 2018 and assumes the role of Director at Finstead Risk Solutions, which forms the insurance broking arm of the Finstead Group of companies and is a member of the Steadfast network.

“It’s an exciting opportunity to re-enter the insurance broking industry and I look forward to reconnecting and creating a fresh option in the ever changing and competitive marketplace,” said Mr Guy, who has over 40 years' experience in the insurance sector.

Fellow Director Mr Reaney was InterRISK CFO and COO for 12 years until 2016, and formerly Executive Director of broker BMS Group.

The team says it has extensive experience in corporate, commercial, mergers and acquisitions, associations and SMEs.

It offers expertise in Professional Indemnity, Directors and Officers, Investment Managers, Warranty & Indemnity, Cyber, Management Liability, Information Technology Liability, Crime, Employment Practices Liability, Medical Malpractice Liability, Statutory Liability, Corporate, Affinity Groups and Risk Advisory.