Bermudian-based Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to the newly created position of head of Specialty.

Mr Rance will be based in London and his Specialty remit will include Credit, Marine, Cyber, Parametrics, Motor and Group Solutions.

Mr Rance joins from Gallagher Re, where he was managing partner and head of Global Mortgage.