Commercial insurance and reinsurance broker Oneglobal has opened an office in Bermuda.

The operation will be led by two veterans of the Bermuda market.

Craig Douglas has been appointed as executive director, and will report to Mike Reynolds, group chief executive officer, while Kilian Whelan will join the business as chief operating officer.

The company said further additions to the team will be announced shortly.

The move comes as Oneglobal continues the strategic build out of its international operations, following the announcement of the opening of Singapore and Hong Kong operations during 2020.

The company said Mr Douglas is an experienced broker leader, with a well-established presence across Bermuda and London. He has extensive reinsurance, casualty and life science experience gained over 20 years in the industry, latterly at RFIB Bermuda, where he was executive vice-president, having previously held senior roles at JLT Specialty in Bermuda and London and at Miller and Willis.

Mr Whelan has more than 25 years’ experience in Bermuda and the industry having previously led the JLT Insurance Management Group operations. He is a Fellow of the Chartered Association of Certified Accountants and a member of the Institute of Directors in Bermuda and London.

Mr Reynolds said: “Opening our Bermuda office is a statement of our intent to continue the expansion of Oneglobal’s international presence and to continue the growth of our business. Bermuda is a key insurance market for us and we are pleased to be launching here and adding Craig and Kilian to the Oneglobal team.”

Mr Douglas said: “I am very excited to join Oneglobal Bermuda as a founding executive director. Oneglobal is a dynamic broker with ambitious plans to grow and is passionate about its clients.”

He added: “Bermuda is not just a key international insurance and reinsurance market, but a gateway to better serve North American clients and local US brokers that need international market access. I am looking forward to being a part of a business that always advocates the clients’ best interests.”

Mr Whelan said: “I am delighted to be joining the Oneglobal team and being a part of its strategic expansion as we build the Oneglobal Bermuda platform.”

Oneglobal, which was established from the merger of SSL and Endeavour in 2018, is owned by financial services investment firm JC Flowers.