Specialist re/insurance broker McGill and Partners has announced that it will officially open a Bermuda office later this month, led by Chief Executive Officer (CEO) Kate Vacher.
The Bermuda hub, which has already received regulatory approval, is expected to complement McGill and Partners’ other international operations as the firm continues to build out its global specialty business.
Vacher began her career in London, as an underwriter at Lloyd’s, before joining Aspen Insurance as one of the original team.
Since then, she has held a number of senior roles including Group Director of Underwriting with responsibilities for planning, reinsurance purchasing and capital optimization across all lines, including property, casualty, specialty insurance and reinsurance.
She was also Active Underwriter of the Aspen Syndicate for six years before moving to Bermuda as CEO of the Aspen Bermuda platform.
In her new role as CEO of the McGill and Partners Bermuda entity, Vacher will report into Angus Milgate, Head of International Treaty Reinsurance at McGill and Partners.
“For decades, the (re)insurance market in Bermuda has consistently innovated to maintain its position as a major global (re)insurance centre,” said Milgate. “We expect this momentum to continue as Bermuda is a world-class (re)insurance marketplace for both financial and human capital, and a natural location for McGill and Partners.
“Kate brings an incredible breadth and depth 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,” he added.
Steve McGill, CEO of McGill and Partners, also commented: “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. 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.”
In addition to its new Bermuda operation, McGill and Partners maintains offices in London, New York, Miami and Dublin, and has hired more than 360 colleagues since incepting in May 2019.