Banyan Risk appoints Dan Malloy as executive managing director to drive growth
Banyan Risk has appointed Dan Malloy (pictured) as executive managing director, effective May 1 2026, as the Bermuda-based managing general agent strengthens its leadership team to support the continued expansion of its underwriting platform across products, teams and geographies.
Malloy will join Banyan Risk as executive managing director, effective May 1 2026, working closely with co-founders and chief executive officers Tim Usher-Jones and Peter Horrobin, alongside the wider leadership team, to drive continued expansion.
Malloy brings four decades of experience across the global insurance and reinsurance market, having held senior leadership roles spanning brokerage, insurance and reinsurance businesses. He most recently served as chief executive officer of United Risk, and previously held CEO roles at SiriusPoint and Third Point Re.
He has also been closely involved with Banyan Risk since its formation, contributing to the early development of the business and playing a role in establishing its partnership with SiriusPoint during his tenure there.
The appointment follows the recent addition of John Berger, Bob Cox and Andrew Cook to Banyan Risk’s advisory board, as the company builds out its leadership structure to support growth.
“Dan is a highly respected industry leader with a track record of profitably growing specialty insurance and reinsurance platforms,” said Usher-Jones. “His experience and perspective will be invaluable as we continue to grow the business and build on the momentum we have established.”
“Dan has been part of Banyan’s story from the beginning, and he understands exactly what it takes to build a high-performing underwriting platform,” added Horrobin. “Having him back in a full-time leadership role is a significant step for us as we continue to grow the business and broaden our underwriting capabilities.”
“What really attracts me back to Banyan is the substance of what Peter, Tim, and the team are building,” said Malloy. “Over a relatively short period of time, the business has evolved from a focused D&O platform into something much broader, with real depth and credibility. That transformation doesn’t happen by accident - it reflects a huge amount of hard work, disciplined growth, and a relentless focus on building a quality and profitable underwriting business. I’m excited to join at a point where that effort is being recognised and there is a real opportunity to build on it.”
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