Broking group Aon has hired catastrophe reinsurance specialist Nick Pritchard for a Managing Director role in Bermuda focused on property retrocession brokerage.
Pritchard is well-known in the Bermuda property catastrophe reinsurance and retrocession space, having spent a number of years at Validus and also at the Validus insurance-linked securities (ILS) fund manager AlphaCat.
Most recently, Pritchard was working at Vantage Risk, the start-up re/insurer that launched in time for the 2021 renewals.
At Vantage, Pritchard held the role of Head of Property Catastrophe Underwriting for roughly two years.
Before that, Pritchard worked at underwriter Neon for over three and a half years in Bermuda, where as Head of Property Reinsurance he oversaw the expansion of Neon’s property reinsurance operations, both across the its Bermuda and London offices.
Before that, Pritchard was at AlphaCat, the Validus third-party and ILS capital manager, where originated business and underwrote for the managers funds.
Prior to which he worked as a U.S. property underwriter at Validus having moved to Bermuda in 2009, having previously been in London at Validus-owned Talbot.
At Aon, as Managing Director, Property Retrocession, Bermuda, Pritchard will interact with many of the islands ILS funds and collateralized reinsurance writers, as well as the broader traditional side of the retrocession marketplace.
His experience writing and structuring retro and property catastrophe reinsurance for both ILS markets and their investors, as well as traditional carriers, will stand him in good-stead for the new role at Aon.