RKH Reinsurance Brokers (RKHRB), the dedicated reinsurance arm within RKH Specialty, has announced three new additions to its APAC operations.
Steve Warwick has been named Head of Treaty Reinsurance APAC, Xueyang Wang as Director, and Steven Chung as Associate Director.
All three of the new additions will be based in Hong Kong and previously worked at RFIB Hong Kong Limited, which was both launched and led by Warwick as Chief Executive Officer (CEO).
Warwick’s career in the industry started in 1980 and he has held numerous senior positions including CEO of Aon Re Australia, MD for Treaty in Asia Pacific and CEO of Greater China for Aon Benfield. In his newly created role, he takes on responsibility for building the reinsurance broker’s capabilities and operation across the region.
Additionally, both Wang and Chung bring extensive experience to the reinsurance brokerage. Wang has more than a decade of experience working in the Hong Kong and London marketplace, with a focus on treaty production and placement. Chung brings more than 20 years’ of technical reinsurance operations experience across the Asia region to the role.
Stuart Beatty, RKHRB Head of APAC, commented: “This investment is key to evolving our treaty strategy across APAC.The current environment of broker consolidation, hardening market and increasing client requirements for treaty reinsurance solutions and choice in the region makes this a natural step for the Hyperion group. This initial investment will be the start of our group initiative in this area in APAC. Steve has extensive and long-standing relationships with many carriers across the region and he will be key to managing our regional treaty strategy. We will look to build on this with other strategic hires in the future.”
Elliot Richardson, Chairman of RKHRB, added: “Treaty Reinsurance has been identified as one of our key growth platforms globally. As the only privately-owned broker that combines a global network of offices, a dedicated analytics platform and places USD7bn-USD8bn premium into the market, it is a natural step for us to provide quality choice for both clients and people in the region. Steve is one of the most experienced treaty business leaders in the region and we are delighted to have him on board.”
Over the past 18 months, RKHRB has been growing its treaty capabilities across numerous regions around the world, a trend which has been complimented by significant group investment in analytics over the past year.