Reinsurance News
Banyan Risk
Re/insurance industry veteran Dan Malloy joins Banyan Risk as Executive Managing Director
28th April 2026
Veteran insurance and reinsurance executive and former CEO of United Risk, SiriusPoint, and Third Point Re, Dan Malloy, joins specialty MGA Banyan Risk on May 1st, 2026, as Executive Managing Director. With four decades of industry experience, including senior executive and leadership positions across a range of brokers, insurers, and reinsurers, ... Read the full article
Banyan Risk secures Coverholder Status at Lloyd’s
2nd April 2026
Banyan Risk Services Ltd., a subsidiary of Bermuda-based specialty insurance managing general agent (MGA) Banyan Risk Ltd., has secured Coverholder Status at Lloyd's. Through this partnership, the company gains unparalleled access to the extensive capacity of the Lloyd’s market, via SiriusPoint's Syndicate 1945, which will be complemented by the domestic insurers ... Read the full article
MGA Banyan Risk deploys hx’s full agentic underwriting suite
26th March 2026
hyperexponential (hx), a pricing and underwriting decision platform for commercial P&C re/insurance, has partnered with Banyan Risk, marking the first deployment of hx’s full agentic underwriting suite by an MGA across the US, UK, Canada and Bermuda markets. The hx platform is expected to now sit at the core of Banyan’s underwriting ... Read the full article
Banyan Risk appoints John Berger, Bob Cox & Andrew Cook to Advisory Board
11th March 2026
Banyan Risk Ltd ("Banyan Risk"), a Bermuda-based specialty Managing General Agent (MGA), has appointed three experienced insurance executives to its Advisory Board. The new members are John Berger, Bob Cox, and Andrew Cook, who collectively bring deep experience across specialty insurance, reinsurance, and global insurance operations, having held senior executive and ... Read the full article
Banyan Risk expands D&O capacity with PartnerRe alliance
27th March 2025
Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the terms of the collaboration, PartnerRe has committed to providing essential capacity and support of $5 million. In ... Read the full article
PartnerRe to provide capacity for the launch of Banyan Excess Liability
18th July 2024
Banyan Risk, a Bermuda-based specialist multi-line Managing General Agent (MGA), has announced a long-term strategic partnership with global reinsurer PartnerRe to write Excess Casualty Insurance. This collaboration, subject to approval by the Bermuda Monetary Authority (BMA), will see PartnerRe provide capacity and shareholder support for the launch of a new subsidiary ... Read the full article
SiriusPoint and MGA Banyan Risk extend strategic partnership
27th October 2023
Global specialty insurer and reinsurer SiriusPoint and Bermuda-based MGA Banyan Risk have announced an extension of their partnership. The deal begins a three-year extension of the commercial relationship between Banyan and SiriusPoint and concludes the 100% transfer of ownership from SiriusPoint back to the founding organisation. Banyan was established in partnership ... Read the full article
Banyan Risk names Ben Munro Chief Underwriting Officer
6th July 2023
Specialty Managing General Agent (MGA) Banyan Risk, has appointed Ben Munro to the newly-created role of Chief Underwriting Officer. In his new role, Munro will be responsible for overseeing the execution and achievement of Banyan Risk’s plans for profitable growth globally, as well as using his depth of experience in the ... Read the full article
Banyan Risk partners with SPAC due diligence firm
26th October 2022
Bermuda-based managing general agent Banyan Risk has partnered with SPAC-focused financial advisory firm Zukin Certification Services to offer a service that helps companies go public. Zukin’s service, the Reasonable Basis Review (RBR), is designed for Special Purpose Acquisition Companies (SPACs) seeking an independent review of target projections and readiness to operate ... Read the full article
SiriusPoint-backed D&O MGA Banyan Risk hires Densham for Canadian arm
22nd December 2021
Banyan Risk Ltd., a Bermuda-based Managing General Agent (MGA) that launched earlier this year with the backing of international re/insurer SiriusPoint, is expanding its operations to target the Canadian market. Banyan Risk was launched by Founder and CEO Tim Usher-Jones in partnership with SiriusPoint in July and has a specific ... Read the full article
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