BMS Re, the reinsurance arm of the worldwide broking group, has actually employed previous Nephila Capital worker Brendan O’Brien to more build out its Bermuda reinsurance and retro offering, along with to support its secondary disaster bond trading strategies.
O’Brien has actually been employed to help carry out and support this to name a few efforts, we’ve discovered.
His background consists of 6 years invested at ILS financial investment supervisor Nephila Capital in Bermuda.
At Nephila, O’Brien started his profession as an Assistant Fund Controller, ending up being a Fund Controller 2 years later on, caring for specific of the Nephila ILS funds.
While operating at Nephila, O’Brien invested a significant quantity of time dealing with the financial investment supervisors disaster bond trading desk, along with being associated with the outwards reinsurance and retro technique.
He left Nephila in late 2021 and emerged at Assured Guaranty, as an underwriter of structured financing items where he worked for almost a year and a half.
Now, O’Brien has actually signed up with BMS Re as a Vice President and go back to his ILS roots, with a concentrate on establishing the disaster bond trading effort and building out that part of the brokers business, along with property disaster reinsurance and retrocession duties.
He will add to much of BMS Re’s alternative danger transfer efforts, in a position covering both property disaster and non-catastrophe lines, consisting of credit reinsurance, more reinforcing BMS Re’s existing offering in the market.
O’Brien will report to to Chris McDowell, CEO of BMS Re Bermuda.
McDowell commented, “Brendan holds the expertise and experience to join our Bermuda office and contribute from the word go. His knowledge of the demands and opportunities of a cat bond desk will prove invaluable to us as we build out our secondary cat bond trading initiative. I am delighted to welcome him to BMS Re and am excited to see both the impact he will have on our cat bond initiative as well as the wider input he will have on our growth.”
O’Brien included, “I’m pleased to join BMS Re during a time of extraordinary growth. BMS Re has a well-established global reputation, and I look forward to contributing towards the execution of the group’s various initiatives, learning from the exceptional people, and participating in a remarkable culture.”
