Lloyd's broker Tysers expands into Bermuda with Richard Tomkins at helm; move part of strategic growth plan

UK-based Lloyd's broker Tysers, part of Integro Insurance Brokers, has launched a hub in Bermuda under the leadership of Richard Tomkins, in a move aimed at expanding its global footprint and capitalising on the attractive market opportunities available on the island.

Tomkins has relocated from London to Bermuda to become the managing director of Tysers Bermuda. He was most recently serving as managing director of reinsurance at Tysers.

Tomkins has over 30 years of insurance brokerage experience and has covered both mainstream and specialty areas, predominantly in the treaty and binding authority lines of coverage. He joined Integro Insurance Brokers ( now trading as Tysers) in 2006, along with Nick Harrap to grow the firm’s reinsurance business.

As a result of Tomkins’s move to lead the Bermuda operations, Harrap will become the new managing director of reinsurance for Tysers.

“I’m excited to build the Tysers Bermuda office. Tysers Bermuda will provide access to additional insurance markets for our independent broker relationships globally,” said Tomkins. “We see particularly attractive opportunities that will complement our specialty focus in both insurance and reinsurance, along with providing additional capacity for our clients globally, where other markets are not responding to the demand. Overall, this will provide our clients with the best possible solutions. We are also actively seeking to build our broking capabilities and expertise in Bermuda to match our needs as we grow the office.”

Jason Collins, co-head of Tysers, said: “Tysers sees the expansion of the office in Bermuda, to serve its worldwide clients, as an important part of our overall strategic plan. Our commitment to Bermuda is demonstrated by moving Richard, an important leader of Tysers, to lead this new venture. He has supported the growth of our London business over the last 13 years and is the ideal person to execute this part of our strategy.”

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