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Press Releases

Date Headline
20.11.17 Steven Beard appointed as CFO of RFIB and Limehouse holding company

Beard also appointed as CEO of new Central Services Company

The holding company of RFIB Group Ltd ("RFIB") and Limehouse Agencies ("Limehouse"), is pleased to announce the appointment of Steven Beard as CFO. Beard will also become CEO of a newly created services company, George Yard Services ("GYS"). Beard takes up his new roles on 4 December 2017 and will spearhead the launch of GYS.

Beard was most recently the Group Chief Executive of Agilisys, a leading technology and professional services company. Under his management it become one of the largest employee owned businesses in the U.K. He joined Agilisys from Xchanging plc, the global business process and technology company; where he held a number of senior positions at both the company’s U.K. and U.S. operations. When Xchanging listed on the London Stock Exchange in 2007 he was responsible for the largest part of the group including XIS and XCS. Steven has also served as CFO of Redwave plc, the U.K. based venture capital business. He began his career working for a series of Lloyd’s Managing Agents including Navigators, Brockbank and XL Capital.

GYS will be a specialist central service company, created to provide back office support to RFIB and Limehouse. Its functions will include Finance, Risk, Compliance, HR, IT and Company Secretariat. It will initially comprise RFIB employees who will transfer to GYS.

Chief Executive Officer, Dennis Mahoney said: "Steven is a landmark appointment for our business. He brings an exceptional track record to our CFO function and is the ideal candidate to launch and build our new central services business. Steven has pioneered the use of new technologies throughout his career and this approach will be central to GYS and across the RFIB and Limehouse businesses. GYS will be a key pillar in our business portfolio. It will enable our broking and underwriting teams to focus on what they do best and will ensure we continue to attract leading talent who share our independent, client focused approach."

Beard said: "RFIB is renowned for its independence, the calibre of its broking teams and its absolute focus on providing top quality service to clients. Limehouse is being established based on similar principles. GYS will support and enhance both - it will be a centre of excellence for services that will support RFIB on its growth trajectory and Limehouse as it builds a market leading position. I look forward to working with Dennis and the team to support and drive growth across the Group."

30.10.17 RFIB launches Singapore Operation

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker is pleased to announce the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across Asia

Richard Johnston, MD International Operations said: “Asia represents a key growth area for RFIB and our new office in Singapore will be central to our continued expansion in the region. RFIB Group’s expertise in Marine and other specialty reinsurance classes will be core to our proposition in the region. We will also develop opportunities with other local businesses who share our client-focused philosophy.”

Dennis Mahoney, CEO, RFIB said: “Our growth strategy is to expand our presence in those geographies where we can add value to clients. We do not want to be just another (re)insurance broker in a saturated market. We are committed to offering our services in specialist areas which increasingly demand expertise and market understanding. Our new Singapore business is a practical example of this philosophy. We have a clear and ambitious strategy for our new offering and I am certain that RFIB’s business will quickly differentiate itself in the Asian market."

RFIB’s new office is located at:

RFIB (Singapore) Pte Ltd
Singapore Land Tower
37th Floor
50 Raffles Place
Singapore 048623

Tel:  +65 6829 7170

19.01.17 RFIB launches MGA - Limehouse Agencies

RFIB today announced the appointment of Jack Gressier as a Non-Executive
Independent Director of its holding company (TopCo). Mr Gressier will be investing in
the company in a private capacity.

In addition TopCo has announced the creation of Limehouse Agencies (Limehouse);
Mr Gressier has additionally been appointed as the founding Non-Executive Chairman of Limehouse.

Limehouse is a subsidiary of TopCo and has been established with the aim of building a world class underwriting platform dedicated to serving clients and markets, buyers and sellers in the most effective and efficient manner. It will use the latest innovations in technology to provide superior service and product.

Mr Gressier stated "the traditional insurance model, on which the large brokers and carriers were built, is being transformed. The arrival of new, non-traditional capital in conjunction with new and advanced disruptive technology has created a new paradigm in risk transfer.

Limehouse has been established to be at the forefront of this development. As founding Non-Executive Chairman of Limehouse I will shortly be announcing the appointment of a world class Chief Executive Officer to lead Limehouse Agencies.”

Mr Gressier is an industry veteran of more than 30 years having started his career in Lloyd’s in 1986. He has extensive experience in most classes and most geographies. Having served as both an Underwriter and Management Executive in both the Lloyd’s and insurance company environments he is uniquely qualified to create a start-up business in the MGA and alternative markets space.

Mr Gressier will report to Mr Mark Winlow the independent Chairman of TopCo.

07.11.16 RFIB appoints South East Asia cargo team

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the appointments of Paul Leith-Smith, Giles Penfold and Will Hawkins who will form a new South East Asia Marine Cargo team. The team joins from Ed, and will report to Chris Bracegirdle, Director and Chris Tansley, Managing Director Marine and will assist with RFIB’s expansion into South East Asia.

Leith-Smith brings over four decades of experience to RFIB. He previously served as Director of Marine at Ed and was a founding partner at CRS (Cameron Richard and Smith). Penfold joins with over 22 years of marine experience. He began his career at CRS in 1994. Hawkins also joins from Ed after four years as a marine cargo broker.

Dennis Mahoney, Chief Executive Officer of RFIB said: “South East Asia represents a key growth area for RFIB and the marine cargo sector will be a key pillar in this expansion. I am delighted that we have been able to recruit such a high calibre team to develop our presence in this market. Their exceptional experience and market contacts, combined with a proven track record of building profitable accounts will be a terrific asset in realising our ambitions for the region. They have built their reputations on providing solutions tailored to clients’ specific requirements and are the ideal candidates to broaden our offering in South East Asia. I am very pleased to welcome them to RFIB.”

10.08.16 RFIB launches Transaction Solutions business with the appointment of James Wilson

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the launch of its Transaction Solutions business with the appointment of James Wilson ashead of Transactions Solutions. Wilson takes up his new role with immediate effect and will report to Paul Chilton, Chief Operating Officer.

The Transactions Solutions division will provide insurance solutions that address liabilities incurred in the M&A process, which support and help facilitate transactions across a range of industry sectors.

These insurance solutions include:

  • Warranty and Indemnity (W&I)
  • Specific Tax Liability
  • Specific Contingent Liability

Wilson brings over 12 years’ experience in Transactions Insurance to his new role and will be tasked with the launch and build of the new team. He joins from Protean Risk where he served as Head of Transactions Solutions. Prior to this, he held the role of Head of Transactional Insurance & Financial Lines Senior Underwriter at Aspen Insurance.

Dennis Mahoney, CEO of RFIB said: “Central to our growth strategy is the development of specialty propositions where expertise, client understanding and in-depth product knowledge act as the differentiator. The Transactions Insurance sector has undergone phenomenal growth in recent years and there is a clear opportunity for an independent intermediary to provide a bespoke client focused service. James is the ideal candidate to launch our Transactions Solutions business and I am very pleased to welcome him to the team.”

08.08.16 RFIB appoints Managing Director of RFIB Americas

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the appointment of Glenn Jackson as a Managing Director of RFIB Americas.  He takes up his position with immediate effect reporting to Nick Foden-Pattinson and will be based in the Tampa office.

Jackson brings with him 11 years of experience in the insurance-linked securities (ILS) market to RFIB. He joins from Beach Re, formerly known as Axiom Re, where he served as a Senior Vice President advising capital market participants and insurance and reinsurance companies in the structuring, modelling and execution of alternative reinsurance transactions. Jackson began his reinsurance career in 1982 at Intere Intermediaries, before holding a series of reinsurance broking positions, including at Aon Re and Willis Re.

Foden-Pattinson said: “Realising our ambitions for RFIB Americas will require exceptional individuals who share our client driven focus, have the ambition and vision to propel our business forward and can offer the market a genuinely bespoke and independent service. Glenn has these characteristics in abundance and I am certain he will play a key role in the continued growth of our business. I am very pleased to welcome him to RFIB.”

Jackson said: “I am delighted to be joining RFIB Americas. The US is a market with huge growth potential and a genuine demand for truly independent, customer-driven brokerage. I look forward to working with the excellent team at RFIB Americas in developing business in this exciting territory.”  

07.07.16 RFIB launches Membership Services business

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the launch of its Membership Services business with the appointments of Tony Martin, Directorand Stephane Boiron, Associate Director. They take up their roles with immediate effect and will report to Paul Chilton, Chief Operating Officer.

The new offering will provide a suite of insurance products for organisations with large memberships such as banks, credit card businesses, professional organisations, associations and affinity groups. In addition to offering suitable insurance programmes, the team will also deploy new insurance backed technologies to furnish business with large membership bases with additional benefits to support risk mitigation and member retention. The team will target three key areas:

  • A range of products to support Travellers – including innovative solutions to protect against lost or stolen luggage.
  • Support for Retail Transactions including measures to prevent credit card fraud
  • Security products including mobile banking, ATM robbery and identity theft.

 

Martin and Boiron join from Miller Insurance Services. Martin brings over two decades of specialist insurance experience to RFIB. He previously served as head of global membership and affinity schemes where he successfully launched and developed a new global membership business. Boiron brings over 15 years’ experience to his new role. He previously served as a producer / broker where he developed a series of insurance solutions for retail broker networks in France, Spain and the UK in addition to a vast number of financial institutions, societies, and membership organisations throughout Russia, Africa and the Middle East.

Dennis Mahoney, CEO of RFIB said: “Businesses across the globe are consistently looking for new ways to expand and retain their memberships by furnishing them with additional benefits. Tony and Stephane have an exceptional track record of developing innovative insurance solutions and products which can have a tangible impact for organisations’ memberships. I am delighted to welcome them to RFIB and I am certain that our new offering will quickly become a leading force in this sector.”

 “The appointment of high calibre, specialist teams and individuals is central to our growth strategy. RFIB has become a highly attractive platform and by continuing to recruit the market’s leading talent to complement our existing expertise we will ensure we realise our ambitions and the true potential of our business.”

16.05.16 RFIB Americas launches with senior appointments

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the launch of RFIB Americas.  This is the first major new initiative since it recapitalised with its new partner, Calera Capital, last year.  RFIB Americas will oversee the development of existing subsidiaries RFIB (Bermuda) and US based Gracechurch Intermediaries, offering specialist products for reinsurance clients in the United States, Bermuda and Canada.  RFIB Americas will be led by Nick Foden-Pattinson as CEO with Jeremy Brasier as MD of Bermuda and Simon Hudson as MD of reinsurance at Gracechurch.

Foden-Pattinson who has been at RFIB for eight years brings more than three decades of experience to his new role.  Brasier has been at RFIB Bermuda for six years and is charged with further developing its growing Bermuda presence. Hudson recently joined from Holborn Corporation where as senior vice president he was responsible for several successful capital raising initiatives for a series of start-up insurance operations.  Prior to this, as a managing director at Guy Carpenter, he was a production broker and team leader for property cat, retro and medical malpractice treaty business.

Dennis Mahoney CEO of RFIB said “we have identified a segment of the United States reinsurance market which is currently underserved due to recent market realignments and dislocation.  With the backing of our partners Calera Capital, we have a clear strategy and the requisite resources to swiftly develop our presence in these territories.  The launch of RFIB Americas represents a key pillar in our growth strategy and a significant milestone in the history of our Group.”

Foden-Pattinson said: “I am delighted   to be given the opportunity to lead this important new initiative and welcome the support of Jeremy and Simon. We have identified significant scope for expansion and there is a clear demand for a truly independent brokerage to offer a more client driven alternative.”  

20.01.15 RFIB appoints Wolfgang Petz as Head of Medical Reinsurance for Middle East

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, has announced the appointment of Wolfgang Petz as Head of Medical Reinsurance for the Middle East. He takes up his position with immediate effect reporting to Martin Pyrke, Deputy Senior Executive Officer in RFIB’s Dubai office.

Wolfgang brings over 25 years’ of medical insurance and reinsurance experience to RFIB and has worked for over a decade in senior positions in the Middle East. He joins from Munich Health, Munich Re’s global medical reinsurance arm. During his time with Munich Health, where he was latterly responsible for underwriting medical business in Saudi Arabia, Wolfgang obtained a deep understanding of the medical insurance and reinsurance requirements of insurers around the globe and especially in the Middle East and brings with him the technical understanding required to secure profitable business for RFIB’s markets.

Jonathan Turnbull, Chief Executive Officer of RFIB said: “Wolfgang has built an exceptional reputation in the Middle East based on his expertise, market knowledge and a focus on providing innovative reinsurance solutions. The Middle East represents an area of tremendous growth potential and we have the team in place to support our clients and partners and to become the broking partner of choice for specialist insurance products in the region. “Medical business accounts for about 30% of insurance premiums in the region and Wolfgang is the ideal person to develop medical reinsurance programmes for our growing number of clients in the Middle East.  I am delighted to welcome him to the team.”  

06.01.15 RFIB expands Hull and War business with appointment of Steve Hughes

RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, today announces the appointment of Steve Hughes as Divisional Director, Hull and War. He takes up his new position with immediate effect and will report to Chris Tansley, Managing Director of Marine International.

Steve brings nearly three decades of experience in the Lloyd’s market to RFIB. He joins from Willis where he served as Executive Director, Marine. Prior to this, Steve spent six years at Price Forbes as a Divisional Director responsible for producing and placing Marine Hull and Liability business. He began his career in 1989 with John Plumer and Partners (later AJ Gallagher) and has also held senior positions at Ropner Insurance and Besso.

Jonathan Turnbull, Chief Executive Officer of RFIB, said, “A key part of our growth strategy is to attract individuals who have the experience, market understanding and service driven approach to complement our specialist team. Steve has these qualities in abundance and his highly impressive reputation and vast expertise, particularly in US and Asian business, will be a significant asset to our Hull and War team. I am very pleased to welcome him to RFIB.”