A specialist reinsurance broker has appointed a new head of its Bermuda operation.

Capsicum Re, which has offices in Bermuda and London, has signed up Neville Ching as managing partner for the Island and he will also lead its retro insurance division.

Mr Ching said: “Capsicum Re is a fast-growing business and at an exciting stage of its development.

“This is a great opportunity to build and develop the Bermudian arm and I am looking forward to working with the team to take advantage of the opportunities for Capsicum Re in the US and Bermudian markets.”

Mr Ching joins Capsicum from the Bermuda branch of Aon Benfield, where he was managing director for retro.

He previously held senior positions at Aon in London and at Towers Watson.

Capsicum managing partner Rupert Swallow said: “Our Bermuda operation enables us to provide our customers with a better global service and access to the US markets and Neville, with over 20 years’ industry experience and an in-depth understanding of the key markets, is ideally suited to lead this business.

“He is another example of the fantastic talent we are attracting to our team.”