Howden Broking Group, part of international insurance and reinsurance distribution group Hyperion, has opened a new wholesale and retail operation in Hamilton.
As a part of this expansion, the firm has appointed Kari Minugh to lead the Bermudan operation.
Minugh has more than10 years’ Bermudan wholesale and retail broking experience having worked for a number of brokers in the market including Marsh, HSBC Insurance Management and Freisenbruch-Meyer Insurance Services.
Howden said its US-based and international wholesale clients will be able to access the Bermudan insurance and reinsurance market directly.
Howden Broking Group CEO Tim Coles said establishing a permanent presence in Bermuda is another exciting step in the Group’s growth strategy.
"Bermuda is an important international market, particularly for our wholesale clients in North America. Having local expertise allows us to strengthen further the service and solutions we deliver to them," Coles said.