Reinsurance News

Corant names Paul Scope as Chairman of Bermuda operations

5th May 2021 - Author: Matt Sheehan

Global brokerage and financial technology firm Corant Global has announced the appointment of Paul Scope as Chairman of its Bermuda operations with immediate effect.

Scope brings over 40 years of industry experience to Corant and joins from Willis Bermuda where he has been chairman since 2015.

Prior to that, he founded Park International where he served as president and CEO for more than a decade, becoming chairman of The Park Group in 2003. He was appointed chairman and CEO of JLT Park Bermuda after the business was acquired by JLT in 2007.

In his new role, Scope will work alongside Chris Bonard, CEO of Corant Bermuda and Ed Broking Bermuda and John Turner, chairman of Ed Broking Bermuda.

“Since 2019 we have bolstered our capabilities in Bermuda through our bespoke offering combined with our investment in technology and ability to attract industry talent,” said Corant CEO Steve Hearn.

“Paul’s appointment is indicative of our long-term ambitions in Bermuda and his invaluable expertise and deep market roots on the Island will be integral to our continued strategic growth.”

Scope also commented: “As the world’s second largest (re)insurance market, and the largest alternative capital and captive market, Bermuda is full of tremendous opportunities. Corant’s entrance here demonstrated the global confidence in our market and addressed the demand for a truly independent service. I’ve been impressed by Corant’s development and scale of ambition and I look forward to expanding its portfolio and contributing to its ongoing success.”

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