broker

Reinsurance, specialty and wholesale broking group Ed continues to build its Bermuda market platform, adding another experienced hire in Mark Simons, who joins the firm to lead business development and production on the island.

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.

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.

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.

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.

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).

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.

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.

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.

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.