Sunday, July 3, 2022
HomeArtemis NewsMiller expands its Bermuda ILS capabilities as John Duda joins

Miller expands its Bermuda ILS capabilities as John Duda joins

Insurance coverage and reinsurance dealer Miller, the impartial and personal fairness funded broking group, has now introduced that current insurance-linked securities (ILS) targeted rent John Duda has now joined the corporate in Bermuda.

As we reported again in March, former Markel and Lodgepine Capital Administration worker John Duda was set to hitch Miller in June.

Beforehand Duda was the retrocessional reinsurance portfolio administration group lead at Markel’s in-run-off retrocession funding supervisor Lodgepine Capital Administration Restricted.

He’s now confirmed as having joined Miller on June 1st, taking over the place of Head of ILS Growth & Capital Administration Merchandise.

Miller mentioned the appointment continues its funding in Bermuda’s market, in addition to in insurance-linked securities (ILS).

The corporate launched its Bermuda platform in March 2021 and employed Charlie Simpson as Head of Bermuda and Erik Manning as Head of ILS.

Erik Manning, Head of ILS, commented on at the moment’s information, “John’s in depth expertise in collateralised reinsurance and ILS fund administration will remodel Miller’s potential to service shoppers in Bermuda and world wide. John brings each sturdy technical capabilities and deep market relationships; we’re massively excited to welcome him to the group and his appointment is testomony to Miller’s ongoing funding in market-leading expertise.”

Duda added, “The chance to construct out Miller’s providing in Bermuda is an extremely thrilling one. I’m happy to hitch such a fast-growing group to work alongside genuinely passionate people to assist speed up Miller’s development throughout the area.”

Duda first joined Markel again in 2014 when he turned Assistant Vice President, Reinsurance Underwriter for Markel Re.

He moved throughout to Lodgepine Capital Administration when the retro reinsurance targeted ILS supervisor entity was launched in 2019.

Duda has additionally been a portfolio supervisor for Logic Reinsurance in Toronto and held roles at reinsurance brokers Man Carpenter, Benfield (then Aon Benfield) and in addition at Zurich Insurance coverage Group.

This new function at Miller will see Duda targeted on growing the dealer’s enterprise within the Bermudian market.

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