Miller launches Bermuda arm with retro and ILS focus, to be led by Simpson

Miller launches Bermuda arm with retro and ILS focus, to be led by Simpson

Insurance coverage and reinsurance broker Miller, the recently independent and personal equity funded broking group, has announced the launch of a Bermuda arm that will have a retrocession and ILS focus, as well as the hire of retro broking expert Charlie Simpson from Aon to lead the unit.Miller was recently taken personal after it was gotten by private equity professional investor Cinven and Singapores sovereign wealth fund GIC.
Miller currently has an industry-loss service warranty (ILW) and insurance-linked securities (ILS) broking practice, which is mostly London based.
Now, the broker is expanding into Bermuda with the formalised launch of a new platform on the island, which looks destined to have retrocession and collateralized reinsurance specialism as well.
Miller announced the hiring and visit of Charlie Simpson, who signs up with from his last role in Aons non-marine and retro focused group, who will lead the brokers new platform in Bermuda.
Simpson signs up with as Head of Bermuda and will be entrusted with growing Millers presence in the essential reinsurance center.
This is to be accomplished through the launch of a top quality independent broking offering, at first focused on reinsurance and insurance-linked securities (ILS), with more essential hires to be announced soon.
Greg Collins, Miller CEO, mentioned, “Miller is committed to offering best-in-class service and options and we continue to hire remarkable individuals to deliver on our commitments to clients. Bermuda was an apparent choice of area for our ongoing growth given its outstanding credibility. With his substantial experience and market contacts, we are happy that Charlie has actually joined us to form and drive our method on the island.”
Charlie Simpson added, “I am pleased to sign up with Miller provided its excellent credibility and collective culture. The chance to establish Millers technique in Bermuda is a exciting and unique obstacle and I anticipate reconnecting with my contacts on the island and fostering new relationships as we broaden our platform.”
Simpson has more than 40 years experience in the insurance and reinsurance broking sector.
His latest role was with Aon, where he was Executive Vice President of Non-Marine.
Prior to that, he held a number of senior positions at Guy Carpenter, R K Carvill, JLT and BMS Reinsurance.
Miller said that Simpsons visit “signifies a major development and continuing dedication to Millers growth aspirations following the conclusion of its acquisition by financier partners, Cinven and GIC.”

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