Inver Re hires Nick Griffiths for alternative reinsurance & retro broking role

Inver Re hires Nick Griffiths for alternative reinsurance & retro broking role

Inver Re, the recently released international reinsurance brand name of the Ardonagh Group, has actually made a key hire with a focus on alternative sources of reinsurance capital and ILS markets, selecting former RFIB and Howden executive Nick Griffiths as a Director.Griffiths has joined the Inver Re senior leadership team and will report to the Ardonagh CEO of Reinsurance and Capital, Steve Hearn.
As Director– Reinsurance, Griffiths has actually been hired for his expertise in broking ingenious threat transfer services, in addition to reinsurance and retrocession, plus his contacts in the alternative capital and insurance-linked securities (ILS) space.
Hearn discussed the hire, “Its extremely exciting to be getting the group in place to take Inver Re into the marketplace as a re-imagined reinsurance business. Its our goal to bring a fresh point of view, choice and flexibility to the marketplace– and bring in and empowering leading talent is definitely essential to doing so. Im quite looking forward to dealing with Nick, whose know-how and energy is going to help us become a reinsurance organization of scale and relevance– and in time a top 5 international player.”
Griffiths most recently worked at Howden where he was an Executive Director in the companys reinsurance broking division, having signed up with that company in 2018.
Prior to that, Griffiths operated at London-headquartered, personal equity backed broking firm RFIB Group Limited for a decade, latterly ending up being the companys Head of Broking for the reinsurance division.
Griffiths career has actually often seen him working with ILS fund markets and other sources of alternative reinsurance capability, broking collateralised reinsurance and retrocession options.
He likewise has a track-record in broking parametric risk transfer options and helping insurtech companies on technique and how to access reinsurance capability efficiently.
“I cant wait to get started with Inver Re. Its a brand-new entrepreneurial, independent platform– with the chance to actually alter the face of reinsurance. Im genuinely thrilled to be part of its development, and to harness the scale, resources and reach of the wider Ardonagh Group to do much more for customers,” Griffiths commented.
Inver Res moms and dad Ardonagh just recently completed its acquisition of the insurance coverage and reinsurance broking operations of BGC Partners, adding substantial growth to its broking operations and building on its aspirations to deliver capital solutions for insurance and reinsurance clients.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!