Howden Broking Group, part of international insurance and reinsurance distribution group Hyperion, is pleased to announce the opening of a new wholesale and retail operation in Bermuda’s capital, Hamilton.
Tim Coles, Chief Executive Officer of Howden Broking Group commented: “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.”
Kari Minugh has joined Howden to lead the Bermudan operation. Minugh has over 10 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.
Coles added: “Kari’s experience in the Bermuda insurance market, her reputation for client service and her entrepreneurial spirit make her an excellent fit for Howden.”
Minugh commented on the opportunity: “The benefits to both wholesale and retail clients are important. We will offer Bermudan retail clients London market access and expertise in sectors where Howden is already extremely strong – for example in the provision of management liability insurances to the fund and investment industry – and will combine it with local service from one, aligned team. Our US-based and international wholesale clients we be able to access the Bermudan insurance and reinsurance market directly. It is an exciting prospect, and I am looking forward to working with the market to further develop our proposition.”