Aon’s Reinsurance Solutions division has announced the hire of Stephen Pett in Bermuda, who joins the broker from his most recent position with insurance-linked securities (ILS) fund manager Nephila Capital.
Pett joins Aon as a Vice President and broker and will focus on instruments such as industry loss warranties (ILW’s) other specialty reinsurance products.
Pett’s career has included stints at Bermuda based reinsurance firms Ariel Re, Flagstone Re, Montpelier Re and Endurance.
His role at Nephila Capital saw him working as a senior member of the ILS managers’ underwriting team since he joined the firm in January 2016.
He has experience in global property catastrophe reinsurance underwriting and industry loss warranty (ILW) trading, as well as assisting in underwriting planning, deal approval, and management of teams.
At Aon, Pett will report to Tony Fox, Chairman and CEO, Bermuda, for Reinsurance Solutions.
Fox commented on the hire, “We are excited to welcome Stephen to our Bermuda team. His extensive experience across insurance-linked securities and traditional products perfectly complements Aon’s approach to providing our clients with a broad range of capital solutions and services.”
Richard Wheeler, Head of Non Marine Property/Retro for Reinsurance Solutions’ Global ReSpecialty team, added, “Being based in Bermuda, Stephen will help to further enhance our capabilities and network in this important market. Working closely with our London and global teams, he will bring together extensive resources in order that we can deliver the power of our united firm directly to our clients.”