Miller recruits Peak Capital CEO as head of ILS

Miller, the independent specialist re/insurance broker, has hired a new head of insurance-linked securities (ILS) as it looks to bolster its capital markets expertise.

Erik Manning takes over as Miller’s head of ILS in the third quarter of 2021, subject to approval by the Bermuda Department of Immigration. He has over 20 years’ experience in the sector and joins from Peak Capital where he was chief executive officer. Before that he was managing director at Aon Bermuda, having also held senior roles at Markel Re and Guy Carpenter.

He will report to Charlie Simpson, head of Bermuda.

Manning will be joined in Bermuda by Sebastian Alexander, who relocates from Miller’s London office, and Francesca Cacace. Alexander has experience in ILS, placing industry loss warranties (ILW), and in the traditional markets in London, Europe and North America.  Cacace will support the Bermuda team, bringing her diverse experience and local Bermudian knowledge.

Simpson praised Manning’s “deep knowledge of the market, longstanding relationships and extensive experience in developing ILS products.”

Manning added: “With the insurance and reinsurance markets currently experiencing a period of disruption, Miller is uniquely positioned to harness the opportunities presented by these changes and grow its business significantly over the coming years.”