Syndicate Holding Corp (“SHC”), the holding company of VIBE Syndicate Management (“VIBE”), today announced a strategic reorganisation of VIBE.
Effective immediately VIBE will transition to being organised into VIBE Insurance and VIBE Reinsurance (“VIBE Re”).
Bradley Knight will remain CUO & Active Underwriter of VIBE Syndicate 5678 and has been appointed to a new position as CEO of VIBE Insurance.
Richard Milner, previously President & CUO of AXIS Re London & Asia-Pac, joins VIBE effective December 1st and has been appointed to a new position as CEO of VIBE Re.
Both Bradley and Richard will report to Joe England, Group CEO of SHC and VIBE.
Joe England commented, “as we implement our plans to build VIBE into a leading specialty Insurance and Reinsurance business our first step is to organise around these two distinct disciplines and appoint highly accomplished leadership in Brad and Rich. Brad has done an outstanding job of establishing our underwriting business at Lloyd’s and will continue to lead our Syndicate underwriting, as well as taking on a broader role to expand our Insurance business. Rich will lead a newly established VIBE Re division that will be dedicated to strengthening and developing our reinsurance solutions for our customers and brokers. We will align our strategy, investment and resources to these businesses and provide a broader range of risk transfer products than we do today, supported by meaningful capacity and the excellent financial strength of our investors and capital partners. Each of these appointments reflects our commitment to build VIBE into a leading specialty Insurance and Reinsurance business in the London Market.”