ERS-backed IQUW hires Stephen Young to lead new Bermuda reinsurance operation

ERS-backed IQUW hires Stephen Young to lead new Bermuda reinsurance operation

IQUW, which is the rebranded ARCUS 1856 Syndicate at Lloyds, has actually revealed the hiring of previous Sompo International reinsurance executive Stephen Young who will become leader of its new Bermuda reinsurance operations.Following recent approval from the BMA, IQUW said it has introduced of a brand-new reinsurance operation in Bermuda, offer a wide variety of re/insurance products and related services to 3rd celebration clients.
As a result, experienced market executive Stephen Young signs up with IQUW as CEO of IQUW Bermuda and Global Head of Reinsurance.
Young was previously CEO of Sompo International Reinsurance Group and he d worked at that business and its former brand Endurance for over 19 years.
IQUW has actually also announced the hiring of Kate Hamilton as Chief People Officer for both IQUW and sis distribute ERS. Hamilton joins the company from Guy Carpenter, where she held the role of Managing Director, Head of International HR.
Young discussed his appointment and signing up with IQUW, “I am thrilled to be joining IQUW to launch our new Bermuda entity, perform on our vision to become a worldwide, multi-line (re) insurer and to boost the total value proposition in this strategically essential market.”
Kate Hamilton likewise said, “Having simply rebranded as IQUW, this is the perfect time to sign up with the firm to support its growth strategy. I am anticipating shaping our culture and an agenda that consists of the voice of the employee as we continue our efforts to develop a varied, engaged and highly competent workforce.”
ERS Group Chief Executive Officer, Peter Bilsby included, “I am happy that Stephen and Kate are joining the IQUW leadership team. I am delighted with the development we have actually made as we continue to build-out IQUW.”
Remember, ERS likewise introduced a dedicated insurance-linked securities (ILS) management division in ERS ILS Ltd. earlier this year.
We d imagine there could be connections in between the IQUW platform and its expansion into Bermuda, with more comprehensive ERS reinsurance and now insurance-linked securities (ILS) activities.

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