Tysers has opened a new office in Bermuda to expand its presence as part of its strategic plan.
Richard Tomkins has relocated from his role as managing director of reinsurance at Tysers in London to become managing director in Bermuda.
Tomkins has over 30 years of insurance brokerage experience and has covered both mainstream and speciality areas.
As a result of Tomkins move, Nick Harrap will become the new managing director of reinsurance of Tysers in London.
Tomkins said: “I’m excited to build the Tysers Bermuda office. Tysers Bermuda will provide access to additional insurance markets for our independent broker relationships globally.”
He added: “We see particularly attractive opportunities that will complement our specialty focus in both insurance and reinsurance, along with providing additional capacity for our clients globally, where other markets are not responding to the demand.”
“Overall, this will provide our clients with the best possible solutions. We are also actively seeking to build our broking capabilities and expertise in Bermuda to match our needs as we grow the office.”
Tysers already has a presence in the captive market and the binding authority sectors. By locating to Bermuda, the firm suggested it will enhance its connections in these sectors.
Tomkins commented: “Now being in Bermuda, I have strong captive connections which will help me break more into the captive reinsurance space.”
