13 August 2019News

Broker Tysers launches Bermuda affiliate

London-based wholesale broker Tysers has launched a Bermuda-based affiliate, named Tysers Bermuda.

The company added that Richard Tomkins has relocated from London to Bermuda to become managing director of Tysers Bermuda.

Tomkins, until now managing director of reinsurance at Tysers, has over 30 years of insurance brokerage experience and has covered both mainstream and specialty areas, predominantly in the treaty and binding authority lines of coverage. He joined Integro Insurance Brokers (now trading as Tysers) in 2006, along with Nick Harrap to grow the firm’s reinsurance business.

As a result of Tomkins moving to lead Tysers Bermuda, Harrap will become the new managing director of reinsurance for Tysers.

Richard 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”.

Jason Collins, co-head of Tysers, said, “Tysers sees the expansion of the office in Bermuda, to serve its worldwide clients, as an important part of our overall strategic plan. Our commitment to Bermuda is demonstrated by moving Richard, an important leader of Tysers, to lead this new venture. He has supported the growth of our London business over the last 13 years and is the ideal person to execute this part of our strategy.”