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McGill and Partners expands reach to Bermuda

McGill and Partners expands reach to Bermuda | Insurance Business UK

McGill and Partners expands reach to Bermuda

McGill and Partners has announced that it will expand to Bermuda after receiving regulatory approval for the operation. The Bermuda office will open later this month.

The office will complement McGill and Partners’ other international operations as it continues the build-out of its global specialty business, the company said. Kate Vacher has been appointed CEO of the Bermuda entity.

Vacher began her insurance career in London as an underwriter at Lloyd’s before joining Aspen Insurance as part of its original team. She has held a number of senior roles at Aspen, including group director of underwriting. She was also active underwriter of the Aspen Syndicate for six years before relocating to Bermuda as CEO of the Aspen Bermuda platform.

In her new role, Vacher will report to Angus Milgate, head of international treaty reinsurance at McGill and Partners.

“For decades, the reinsurance market in Bermuda has consistently innovated to maintain its position as a major global reinsurance centre,” Milgate said. “We expect this momentum to continue as Bermuda is a world-class reinsurance marketplace for both financial and human capital, and a natural location for McGill and Partners. Kate has an incredible breadth of experience, together with extensive industry contacts, and we are delighted to have her on board for this exciting milestone in the McGill and Partners adventure.”

“Bermuda was a clear next step for us as we continue our international expansion, and we are excited at the prospect of the hub growing over the next few years,” said Steve McGill, CEO of McGill and Partners. “Direct access to the market in Bermuda will help to facilitate mutual success across all our offices and compound the firm’s significant growth. We are delighted to have Kate on board to take the reins of the Bermuda office. The whole team is looking forward to working with her.”

Since its inception in May 2019, McGill and Partners has seen significant growth. The company now has a presence in London, New York, Miami and Dublin in addition to the new Bermuda operation.