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BMS makes Chandler US reinsurance CEO, Korducki made CFO

Insurance and reinsurance broking group BMS has made Pete Chandler its Chief Executive Officer of US Reinsurance, as former CEO Steve Korducki steps across into the Chief Financial Officer role.BMS has been realigning its key US reinsurance broking operations in recent months following the completion of investments from affiliates of read the full article →

Capsicum Re set for 100% AJ Gallagher ownership

Capsicum Re, the specialty reinsurance brokerage established as a joint-venture between broking and service group Arthur J. Gallagher (AJG) alongside sector veterans Grahame “Chily” Chilton and Rupert Swallow, is set to move to 100% AJG ownership after terms were agreed.Late yesterday, the pair announced that ongoing talks had resulted in read the full article →

Guy Carp adds senior Aon hires in Bermuda, strengthens leadership on island

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, has announced two senior hires in Bermuda who join the firm from rival Aon, as well as a number of changes to the leadership structure of its island broking operations.Guy Carpenter has hired Robert Johnston and Peter Komposch of Aon's read the full article →

Steadfast Re hires Dan Bailey for London broking production

Steadfast Re, the reinsurance broking joint-venture operation of the Steadfast Group, has hire well-known former JLT Re London broker Dan Bailey to a role focused on leading the production of traditional and collateralised business.Steadfast Re was launched in 2014 as a joint venture between the Steadfast Group Ltd. and the read the full article →

BMS’ investments from Canadian pension BCI and P/E investor PCP complete

Insurance and reinsurance broking group BMS has now completed the process of securing new investments from institutional investors that valued the brokerage at UK £500 million (US $636m).The investments, from affiliates of Canadian pension fund British Columbia Investment Management Corporation (BCI) and private equity investors Preservation Capital Partners (PCP), were read the full article →

Hyperion adds capital markets expertise with Shumway hire

Hyperion Insurance Group, the global insurance and reinsurance broking, advisory and underwriting company, has hired Mark Shumway, an executive with capital markets and ILS advisory expertise, to its Hyperion X unit.Hyperion has been steadily adding reinsurance and capital markets expertise, with broking capabilities now ranging across traditional and collateralised markets, read the full article →

TigerRisk appoints Manoj Gupta as Chief Operating Officer

TigerRisk Partners, LLC, the reinsurance brokerage, risk and capital advisory, has hired and appointed Manoj Gupta, previously of Third Point Re, to be the brokers Chief Operating Officer.Gupta had worked at Third Point Re for a number of years, having originally led the development and management of a catastrophe reinsurance read the full article →

James Few departs MS Amlin to lead TigerRisk London office

James Few, the Global Managing Director of re/insurer MS Amlin’s reinsurance division has stepped down to take on join broker TigerRisk Partners as the CEO of their London office.Few has been with MS Amlin since 2015 and has been instrumental in developing the firms global reinsurance offering, which also meant read the full article →

Cobbs Allen combines investment bank & insurance broker in CAC Specialty

Independent U.S. risk management and insurance broker Cobbs Allen has launched a new unit focused on bringing together investment banking and insurance to create risk transfer solutions for corporates and private equity sponsors.The specialty broking unit CAC Specialty represents the "next wave in the long-term convergence of insurance and capital read the full article →

Tysers launches in Bermuda, targets production of ILS related business

Near 200 year old insurance and reinsurance broking group Tysers has opened its first Bermuda office as it seeks further expansion and to produce business from both traditional and alternative or ILS markets on the island.Tysers has a long history of specialty lines broking, particularly in the London market, but read the full article →