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Bermuda:Re+ILS Spring 2016

42 Spring 2016 Bermuda:Re/insurance+ILS REINSURANCE BROKER TEAMS Capsicum Re Bermuda PROPERTY Since incorporation at the end of 2014 Capsicum Re has been striving to create a new hybrid intermediary in the Bermuda market. Says the firm: “Our extensive experience and diversified blend of broking, underwriting and actuarial knowledge within the team is what makes us a challenger brand in the Bermuda market. This blend of experience, together with the synergies generated from our joint venture and resulting strategic alliance with Arthur J. Gallagher, enables us to deliver more dynamic and innovative products for customers.” In addition Capsicum Re has been active in the inter-fund trading environment that has grown by an estimated $450 million of volume in 2013 to a projected $2.6 billion in 2016. “We are focused on building strong, long-term relationships with our valued clients, as well as nurturing and devising new forms of product, sources of capacity and methods of distribution from the global marketplace and bringing it to our home in Bermuda.” Core products include: • Property (risk and catastrophe); • Global group retrocession covers; • Industry loss warranties; • Parametric products and other insurance-linked securities solutions; • Whole account solutions; • MGA reinsurance solutions via our Bermuda registered special purpose insurer, CAPRI; and • Aggregate stop loss. Key executives Neville Ching, managing partner; Brian Gulbransen, partner; Catherine Mello, analytics; Chelsea Burns, office manager. Guy Carpenter PROPERTY Working alongside its Marsh & McLennan sister companies Oliver Wyman, Mercer and Marsh Captive Management Services, Guy Carpenter’s Bermuda office is able to deliver a broad range of products, including providing solutions for managing risk, optimising capital, and facilitating business growth. Says the firm: “Our Bermuda office has a unique advantage in that we are able to interact very closely with our colleagues in the US and London to deliver a seamless service to our clients and markets which spans the full range of Guy Carpenter’s capabilities. “Having been one of the first companies to set up reinsurance broking operations in Bermuda, Guy Carpenter has been able to establish and maintain long-term, successful insurance and reinsurance relationships; and our team, which encompasses a broad range of industry-relevant expertise, has become a trusted advisor to our Bermuda client base. We transact business with all the major reinsurers in Bermuda.” Tony Fox is the CEO and head of the Bermuda office and oversees the development of new business as well as the wholesaling of the US business into the Bermuda market, working with Chris Dart, managing director. Fox and Dart are well known for their specific expertise in the Florida reinsurance space. Peter Stubbings, chairman of the Bermuda office, leads the retrocessional practice as well as international treaty reinsurance, having previously led Guy Carpenter’s EMEA practice. Key executives Tony Fox, CEO and head of the Bermuda office; Chris Dart, managing director; Peter Stubbings, chairman of the Bermuda office; John Fletcher, managing director; Jonathan Ogilvie, managing director; Rikki Hornett, senior vice president; Jenni Rowntree Estis, senior vice president. CASUALTY The Guy Carpenter Bermuda Casualty team has the strong support of the larger US Casualty group that resides in the US. Says the firm: “We work extremely closely with our counterparts in delivering solutions for our professional lines and excess casualty clients for Bermuda-based and US-based clients. “We also have in-house expertise in medical malpractice reinsurance encompassing some 35 years of industry experience in the specific line of business. We transact business with all the major reinsurers in Bermuda.” Guy Carpenter has a dominant market position in the professional lines RI space and holds a significant market share with Bermuda-based excess casualty clients. Key executives Peter Stubbings, chairman of the Bermuda office; Tony Fox, CEO and head of the Bermuda office; Chris Dart, managing director; having built off the client base serviced by reinsurance executive, Michael Cady, who was based in Bermuda from 2007 to 2013. “Guy Carpenter has been able to establish and maintain long-term, successful insurance and reinsurance relationships.” Guy Carpenter


Bermuda:Re+ILS Spring 2016
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