Andy Richardson is QBE Re’s new head of underwriting for Bermuda.

He joins from Aeolus Capital Management, where he was portfolio manager, and has experience in senior roles at Lancashire Insurance and Guy Carpenter.

In his new role, Mr Richardson will focus on supporting the development of QBE Re’s Bermuda platform as well as further strengthening the global property capability.

He will report to Tracey Gibbons, head of QBE Re Bermuda, and will take up the new role at the beginning of June subject to Bermuda immigration.

“I am pleased that we have been able to attract someone of Andy’s calibre to QBE, while demonstrating our commitment to the Bermuda market,” Chris Killourhy, managing director, QBE Re, said. “Andy’s background, as both a broker and an underwriter in several jurisdictions, coupled with his extensive knowledge of the Bermuda and global property reinsurance markets, will be a huge asset.”

QBE Re has seen increased demand from global clients for speciality and property reinsurance in Bermuda as the business remains focused on delivering sustainable growth while optimising its broader portfolio.