RKH Reinsurance Brokers (RKHRB), part of the global Hyperion Insurance Group and the dedicated reinsurance arm of RKH Specialty, has named Steve Warwick as its new Head of Treaty Reinsurance APAC and added two more significant hires, also from RFIB, as it looks to expand in the Asia Pacific region.
Warwick will take on responsibility for building out RKH Reinsurance Brokers’ (RKHRB) capabilities and business across the region in the newly created role, as the firms treaty strategy continues to evolve.
With RKHRB since 2019, his reinsurance career began in 1980, during which Warwick has held a number of senior positions including as the CEO of Aon Re Australia, Managing Director for Treaty in Asia Pacific and CEO of Greater China for Aon Benfield.
He also established and led the development of broker RFIB’s Hong Kong operations as CEO of Reinsurance.
The reinsurance brokerage has also announced the hires of Xueyang Wang as Director and Steven Chung as Associate Director, within the APAC reinsurance treaty unit.
Wang began his career with the China Re sponsored Syndicate 2088 at Lloyd’s of London, after which he worked for Willis Re in Hong Kong. He joins RKH from his most recent position with RFIB in Hong Kong. His experience covers treaty production and placement.
Chung also joins from RFIB in Hong Kong and has more than 20 years’ of technical reinsurance operations experience across the Asia region.
All three will be based in Hong Kong for RKH Reinsurance Brokers.
Stuart Beatty, RKHRB Head of APAC commented on the hires, “This investment is key to evolving our treaty strategy across APAC. The current environment of broker consolidation, hardening market and increasing client requirements for treaty reinsurance solutions and choice in the region makes this a natural step for the Hyperion group. This initial investment will be the start of our group initiative in this area in APAC. Steve has extensive and long-standing relationships with many carriers across the region and he will be key to managing our regional treaty strategy. We will look to build on this with other strategic hires in the future.”
Elliot Richardson, Chairman of RKHRB added, “Treaty Reinsurance has been identified as one of our key growth platforms globally. As the only privately-owned broker that combines a global network of offices, a dedicated analytics platform and places USD7bn-USD8bn premium into the market, it is a natural step for us to provide quality choice for both clients and people in the region. Steve is one of the most experienced treaty business leaders in the region and we are delighted to have him on board.”
RKHRB has been expanding its treaty capabilities over the last year and a half, driving growth across a number of regions around the world. This expansion has been complemented by close alignment with data and analytics focused Hyperion X, in which Hyperion has made significant group investment of late.