Tysers Launches In Bermuda, Tomkins Relocates

August 14, 2019 | 0 Comments

Tysers announced that they have launched a Bermuda-based affiliate, and Richard Tomkins has relocated from London to Bermuda to become the Managing Director.

“Tysers announces today the launch of its Bermuda-based affiliate, Tysers [Bermuda] Ltd. Richard Tomkins has relocated from London to Bermuda and becomes Managing Director of Tysers Bermuda,” the company said.

“Richard, 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 Ltd. [now trading as Tysers] in 2006, along with Nick Harrap to grow the firm’s Reinsurance business. As a result of Richard’s move to lead Tysers Bermuda, Nick 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.

“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.”

The company added, “Tysers represent global clients with global exposure and therefore having our own dedicated access to the Bermuda market is seen as an essential part of our client offering.

“The Bermuda market is equivalent and, in some classes of business, larger than Lloyd’s in premium volume and whilst having strong regulatory structures, does allow underwriting capacity to be deployed in many innovative ways. The Bermuda Market is geographically positioned to benefit from business which comes from the USA before making it to the other global insurance centres.

“Tysers Bermuda will be staffed with professionals to complement the insurance and reinsurance which exists within the other six trading platforms of Tysers wholesale business.”

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