Acrisure has opened a new location in Hamilton to focus on wholesale insurance broking for its global clients.

This new capability complements current reinsurance and specialist MGA facilities and will trade as Acrisure Bermuda Limited, operating under the Acrisure brand.

Industry veteran Paul Scope has joined the company to serve as CEO of this entity, reporting to Jason Howard, the president of Acrisure International and chairman of Acrisure Re.

The new team is responsible for ensuring clients and markets understand the range of solutions and capabilities that Acrisure offers globally and in Bermuda.

The new wholesale broking team will begin with Professional Liability, including Director’s and Officer’s, Errors & Omissions, Employment Practices Liability, Cyber, and Wage and Hour, followed by Property and Casualty.

Mr Howard said: “There has been a growing US and international appetite to access Bermuda’s wholesale market and, as a result, we are pleased to be opening this office.

“We are fortunate to have a leader of Paul’s expertise, experience and industry connections. I look forward to working with him to further establish and expand our position on the island and in the wider wholesale market.”

The statement said Mr Scope is an established leader in the Bermuda market, and brings more than 40 years of experience to Acrisure, joining from Ardonagh Specialty (Bermuda), where he had been chairman since 2021.

Prior to this, he spent six years as chairman of Willis Towers Watson Bermuda. In 1989, he founded Park International, which was acquired by JLT in 2007, becoming JLTPark. He served as chairman and CEO until 2014.

Mr Scope said: “Acrisure places $4 billion of premium into the wholesale market annually, and I am pleased to be a part of this rapidly growing business. There are a multitude of wholesale opportunities on the island which Acrisure is well positioned to access.

“I look forward to working with Jason to build out our Bermuda team and proposition, continuing to partner with retail brokers and deliver tailored insurance solutions to our global client base.

“Additionally, I am delighted to welcome experienced Bermuda brokers Alexandra Hayne and Trevor Ferguson to the team.”

In the past 11 years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs more than 17,000 people in 21 countries