Aon Benfield is expanding and updating the management structure of its Bermuda team to optimise what it says are the increasing opportunities for clients and markets to deploy capital and expertise on the island.
In what the company described as a key part of this initiative, Matthias Meyenhofer will join the firm on September 1, in accordance with his existing contractual requirements, as chief executive officer of Aon Benfield Bermuda, subject to Bermuda immigration approval.
Meyenhofer was previously at Guy Carpenter, where he was head of EMEA Global Clients. He had previously held the position of chief executive officer at ACE Tempest Re Europe, as well as other senior positions within the industry.
In addition Tony Fox, currently chairman of Aon Benfield Global ReSpecialty Bermuda, will move up to the role of chairman of Aon Benfield Bermuda, again subject to Bermuda immigration approval, while Jonathan Davies, a member of the Aon Benfield Global ReSpecialty Executive in London, will relocate to the island as of April 1 to become head of Aon Benfield Global ReSpecialty Bermuda.
“Augmenting our resources in this way reflects Aon Benfield’s commitment to Bermuda, and is in recognition of the widening experience, skillsets and capital now available on the island, and of our desire to better access Bermuda capabilities in support of our global model,” said Nick Frankland, UK chief executive officer of Aon Benfield, who also oversees the firm’s Bermuda operations.
“The addition of these two experienced team members signals the beginning of the expansion of our Bermuda platform,” commented Fox. “Matthias and Jonathan will play key roles in helping to drive our strategic growth objectives.”
Bob Bisset, chief executive officer of Aon Benfield Global ReSpecialty, said: “Aon Benfield has been a long-standing partner of the Bermuda market, recognizing the value it brings to our clients in terms of its diversified and highly rated capital and skills.”
Aon Benfield, management, team, Bermuda, expansion