RKH Reinsurance Brokers (RKHRB), the reinsurance arm of RKH Specialty, has appointed Steve Warwick as head of treaty reinsurance APAC, Xueyang (XY) Wang as director, and Steven Chung as associate director.
All three will be based in Hong Kong and previously worked at RFIB Hong Kong Limited, which was established and led by Warwick as CEO, the firm said in a statement.
Warwick’s reinsurance career began in 1980, and he has held several senior positions including CEO of Aon Re Australia, managing director for treaty in Asia-Pacific and CEO of Greater China for Aon Benfield. In this newly created role, Warwick is responsible for building RKHRB’s capabilities and business across the region.
He is supported by Wang and Chung, both of whom bring significant experience to RKHRB.
Wang has over 10 years’ experience working in the Hong Kong and London market, focusing on treaty production and placement, while Chung has over 20 years’ of technical reinsurance operations experience across Asia.
“This investment is key to evolving our treaty strategy across APAC,” said Stuart Beatty, RKHRB’s head of APAC. “The current environment of broker consolidation, a hardening market and increasing client requirements for treaty reinsurance solutions and choice in the region makes this a natural step for the Hyperion group. This initial investment will be the start of our group initiative in this area in APAC.
“Steve has extensive and long-standing relationships with many carriers across the region and he will be key to managing our regional treaty strategy. We will look to build on this with other strategic hires in the future.”
According to RKHRB, it has been expanding its treaty capabilities over the last 18 months across a number of regions globally. This move is complemented by significant group investment in analytics over the last 12 months managed within Hyperion X, Hyperion Insurance Group’s dedicated data and technology arm.