With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.
Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.
Previously, he led European broking solutions at Guy Carpenter for more than three years.
The initiative also involves Nayms, a crypto-compatible insurance marketplace, and Copper.co, a digital asset custodian.
In her expanded role at Lloyd’s, Miller will continue to lead the commercial directorate and remain a member of Lloyd’s executive committee.
Rory MacGregor, divisional head of non-marine, will be promoted to head of underwriting.
The new company is set to make its formal debut at the British Insurance Brokers’ Association conference, taking place on 15 to 16 May in Manchester.
Following the rebranding of its broking operations in October 2023, Howden aims to express its collective expertise in the reinsurance business through a single identity.
