Beazley, a major specialty insurer, has expanded the responsibilities of Stefan Wunderlich and appointed him as head of alternative risk transfer (ART) in addition to his existing role of head of parameters.
Wunderlich will relocate to Bermuda for his new role, subject to immigration approval.
The move strengthens the insurer’s commitment to Bermuda and follows the opening of Beazley’s new office at 91 Ninety-One, Front Street, which is due to open in June 2027. The office lease was obtained through Brookfield Asset Management.
Beazley Group chief underwriting officer Paul Bantick said of the appointment: “We are accelerating the pace of expansion of our business in Bermuda.
“Our team continues to grow, having successfully signed the Property Treaty, and the deployment of Stefan’s expertise will make a significant difference to our ART offering, including parametrization.
“It’s exciting to be part of Bermuda’s innovative insurance community and to have the opportunity to better support our brokers and clients in managing complex risks.”
The insurer continues to invest in the island as it is a strategic center for complex and specialized solutions, including ART, mortgage indemnity insurance and property treaty reinsurance.