London-headquartered insurance brokerage, Besso Insurance Group, has appointed David Merry as Head of Besso Re.
Merry brings roughly 35 years of experience as a broker in both the London and international wholesale insurance markets.
He joined the Lloyd’s of London broker in 2018 to explore strategic growth and development opportunities for the Besso group, which is owned by BGC Partners, Inc.
The broker’s reinsurance arm, Besso Re, will have a focus on facultative reinsurance and products for international wholesale P&C for large commercial insureds, complimenting the existing capabilities of its international unit.
The London-based broker notes that over the past 12 months, Besso Re has been recruiting high calibre practitioners that bring facultative reinsurance and large account experience to the firm. They will work closely with the company’s other units in order to offer a seamless service to clients exploiting all areas of the D&F marketplace.
The team, which is expected to continue to expand in the coming months, includes Ross Beeden as a divisional director; Andrew Coleman as operations director; Nikki Melbourne as a divisional director; Rob Pound as divisional director; Simon Richardson as a divisional director; and Jason Savage as executive director.
Commenting on his new role, Merry said: “Facultative reinsurance is an area where we can bring additional value to our clients, complementing our wholesale offering and working across Besso teams to provide cogent solutions for our clients in a challenging market.
“We know that there is keen client demand for brokers offering an independent view combined with relevant scale and that is exactly what we provide without the constriction of organisational silos. It is encouraging to see our approach attracting talented individuals who share our straightforward view of how to extract maximum performance across Besso Re to the benefit of our clients.”