John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products.

In his new role, Mr Duda will focus on developing Miller’s business in the Bermudian market.

The company said that the appointment was a continuation of the build out of its capabilities on the island and in the ILS market.

Mr Duda, who began in the post on June 1, joins from Markel, where he led the retrocessional portfolio management team and was a key figure in the launch of Lodgepine Capital Management, Markel’s retrocessional ILS fund, Miller said.

Prior to Markel, he was a portfolio manager for Logic Reinsurance in Toronto and held roles at Guy Carpenter, Benfield (then Aon Benfield) and Zurich Insurance Group.

The company said the appointment continues Miller’s investment in the region and follows the launch of its Bermuda platform in March 2021 and subsequent hires, including Charlie Simpson as head of Bermuda and Erik Manning as head of ILS.

Mr Manning said: "John’s extensive experience in collateralised reinsurance and ILS fund management will transform Miller’s ability to service clients in Bermuda and around the world.

“John brings both strong technical capabilities and deep market relationships; we’re hugely excited to welcome him to the team and his appointment is testament to Miller’s ongoing investment in market-leading talent."

Mr Duda said: "The opportunity to build out Miller’s offering in Bermuda is an incredibly exciting one. I’m pleased to join such a fast-growing team to work alongside genuinely passionate individuals to help accelerate Miller’s growth across the region".