Miller hires Erik Manning from Peak Capital as Head of ILS

Miller hires Erik Manning from Peak Capital as Head of ILS

Insurance and reinsurance broker Miller, the freshly independent and private equity funded broking group, has announced a further expansion into the insurance-linked securities (ILS) world, with the consultation of Erik Manning as Head of ILS.Manning was most recently the Co-CEO of Peak Capital, the ILS mutual fund manager operation of Hong Kong based reinsurance company Peak Re.
Peak Re obtained Lutece Holdings, the retrocessional reinsurance focused ILS supervisor founded by Manning, in 2020.
Manning is due to enter the brand-new role at miller in Q3 2021, subject to migration approval in Bermuda where he will be based.
He will report to Millers Charlie Simpson, Head of Bermuda.
In the role, Manning will be tasked with establishing best-in-class insurance-linked securities (ILS) and other insurance or reinsurance risk-to-capital services for Millers clients.
Mannings hire develops on the visit of retro broking expert Charlie Simpson as Millers Head of Bermuda previously this year, with the broker developing out a capital markets specialist reinsurance team on the island.
Manning will also will be taken part Bermuda by Sebastian Alexander, who is moving over from Millers London office, and Francesca Cacace.
Alexander has extensive market and client relationships and experience in the ILS arena, putting Industry Loss Warranties (ILW) and also in the conventional markets in London, Europe and North America.
Cacae will support Millers Bermuda team, bringing varied experience and local market understanding.
Charlie Simpson, Head of Bermuda, talked about the news, “We are happy that Erik has signed up with Miller. His deep knowledge of the marketplace, longstanding relationships and substantial experience in establishing ILS products will contribute significantly to our future success. Miller is committed to recruiting extraordinary people so that we can expand the depth and breadth of our offering to customers and line up with the skillsets and services they require in this ever changing market. I anticipate dealing with Erik, Sebastian and Francesca as we continue developing out Milers existence on the Island”.
Manning included, “With the insurance coverage and reinsurance markets presently experiencing a duration of disruption, Miller is distinctively positioned to harness the opportunities presented by these changes and grow its company significantly over the coming years. I am honoured to join the company at such an amazing time and anticipate working with the group throughout London and Bermuda to deliver the quality offering for which Miller is so well known.”

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