Aon swoops on Nephila for VP reinsurance solutions business

Re/insurance broker Aon has hired Stephen Pett to join its reinsurance solutions business as a vice president and broker focusing on industry loss warranties and other specialty reinsurance products, in Bermuda.

Pett joins Aon from Nephila Capital, where he was a senior member of its underwriting team since January 2016, specialising in global property catastrophe reinsurance underwriting and industry loss warranty trading, as well as assisting in underwriting planning, deal approval, and team management. During his career, Pett has also held positions at reinsurers Ariel Re, Flagstone Re, and Montpelier Re.

In his new role, Pett will report to Tony Fox, chairman and CEO, Bermuda, for reinsurance solutions.

Fox said: “We are excited to welcome Stephen to our Bermuda team. His extensive experience across insurance-linked securities and traditional products perfectly complements Aon’s approach to providing our clients with a broad range of capital solutions and services.”

Richard Wheeler, head of non marine property/retro for reinsurance solutions’ Global ReSpecialty team, added: “Being based in Bermuda, Stephen will help to further enhance our capabilities and network in this important market. Working closely with our London and global teams, he will bring together extensive resources in order that we can deliver the power of our united firm directly to our clients.”