Relation Insurance Services, an insurance brokerage and risk management firm, has appointed Julio Bermudez as Practice Leader, Private Equity, Transactional Risk and Financial Institutions.
Bermudez brings more than 30 years of experience advising private equity firms, financial institutions and portfolio companies on management liability and transactional risk solutions.
In his new role at Relation, Bermudez will lead the company’s private equity, transactional risk and financial institutions practice. He will support the continued development of Relation’s Specialty platform while helping its producers access specialist expertise and resources for private equity clients.
Bermudez’s career has included working with private equity firms and portfolio companies on insurance and risk management strategies covering transactions, executive liability and longer-term business needs. His experience spans management liability, financial institutions, mergers and acquisitions (M&A), transactional liability and Representations & Warranties (R&W) insurance.
“Julio brings deep experience, strong market relationships and an entrepreneurial mindset that align perfectly with our vision for Specialty,” added Douglas Turk, President, Specialty, Relation Insurance. “He understands the unique needs of private equity firms and their portfolio companies while recognising the importance of equipping our producers with specialised resources and support. His leadership will strengthen our platform and create greater value for our clients.”
Before joining Relation, Bermudez held senior roles with several leading insurance organisations, where he advised clients on management liability and transactional risk programmes. He began his career as a financial institutions underwriter before moving into brokerage, where he has spent more than three decades working with clients on increasingly complex risks.
“What attracted me to Relation was the opportunity to build something alongside people I respect,” said Bermudez. “We’re creating a platform that gives producers the specialised resources they need while helping private equity firms navigate complex transactions with confidence. I’m excited to strengthen relationships across the market and help our clients succeed over the long term.”
Bermudez’s appointment will further support its Specialty offering and provide producers serving private equity clients with access to specialist knowledge and resources across transactional risk, management liability and financial institutions.
