Banyan Risk Ltd (“Banyan Risk”), a Bermuda-based specialist managed general agent (MGA), has appointed three experienced insurance executives to its advisory board.
New members include John Berger, Bob Cox and Andrew Cook, who have extensive experience in specialty insurance, reinsurance and global insurance operations, having held senior executive and board-level roles in some of the industry’s leading organizations.
Industry veteran Berger has more than 30 years of experience in the global re/insurance market. He was appointed Chairman of the Board of Directors of Coaction Specialty Insurance Group in May 2024 and previously served as Chief Executive Officer (CEO) of Ascot Re, Founding Chairman and CEO of Third Point Reinsurance Ltd., CEO of Alterra Capital Holdings Limited and CEO and President of Chubb Re (later Harbor Point).
Cox has more than four decades of property and casualty experience with major global insurance companies. Most recently, he served as President and Chief Operating Officer of Markel Group’s global insurance business from 2018 to 2023. Prior to that, he held senior leadership positions at Chubb and other specialty insurance organizations.
Cook is an independent board member with extensive public and private company director experience. He has more than 35 years of executive, financial, operational and capital markets experience. He is a non-executive director of a number of Bermuda companies, including Ferian Re, Atlas Arteria, Omega Cat Re and Aspida Re (Bermuda). Cook began his career with Ernst & Young in Bermuda in 1984 as an audit manager before serving as chief financial officer of La Salle Re and Axis Capital. He later moved to Alterra Capital as president and has held various non-executive director roles on the island since 2015.
Banyan Risk said these advisory board appointments reflect its continued development as it expands its underwriting platform and expands globally.
“The formation of the advisory board is an important step for Banyan Risk as we continue to grow our business,” said Tim Usher-Jones, co-chief executive officer of Banyan Risk. “John, Bob and Andrew bring an extraordinary depth of experience and perspective, and we are delighted to have their support as we enter the next phase of our growth.”
Peter Horrobin, co-chief executive of Banyan Risk Ltd, added: “We have known John, Bob and Andrew for a long time and have overseen Banyan’s steady and rapid growth over many years. Their decision to join the advisory board reflects their confidence in the business and the stage of development we are currently at.”
“Banyan Risk has built a strong platform with a clear sense of direction,” Berger said. “The business has grown rapidly since its inception in 2021 and as a relatively young but rapidly expanding MGA we have been watching it with interest. I know I speak on behalf of Andrew and Bob in saying we are delighted to be joining the advisory board at a time of real momentum and opportunity ahead.”
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