Capsicum Re hires Aon Benfield MD

Specialist reinsurance broker Capsicum Re has appointed an experienced retrocession specialist from Aon Benfield Bermuda.

Neville Ching joins the firm as a managing partner, and will be responsible for leading its retro division and running its Bermudian operation.

Ching joins from Aon Benfield Bermuda, where he was managing director for retro. Prior to this he held senior positions at Aon in London and Towers Watson.

Ching said: “Capsicum Re is a fast growing business and at an exciting stage in its development. This is a great opportunity to build and develop the Bermudian arm and I am looking forward to working with the team to take advantage of the opportunities for Capsicum Re in the US and Bermudian markets.”

Rupert Swallow, managing partner of Capsicum Re, added: “Our Bermuda operation enables us to provide our customers with a better global service and access to the US markets and Neville, with over 20 years’ industry experience and an in-depth understanding of the key markets, is ideally suited to lead this business. He is another example of the fantastic talent we are attracting to our team.”