Corant Global Ltd has appointed re/insurance industry veteran Kevin Stratton to lead the group’s new reinsurance operation in Bermuda.

The company said Mr Stratton has more than 30 years of specialty expertise, joining Corant from RFIB, where he held the role of managing director, leading all specialty non-marine classes since 2019.

Mr Stratton’s experience spans across numerous senior roles, including CEO of Park London, executive director and head of London accident, health and life at Aon, and executive director and global head of A&H at Willis Re.

Andrew Wallin, president of Corant Global, said: “We are committed to bolstering Corant’s specialty capability and platform, and Kevin’s appointment is a prime example of our ability to attract the exceptional market talent needed to achieve this.

“Kevin’s established track record of building and leading teams will ensure that our offering and global footprint will continue to evolve and grow.”

Chris Bonard, CEO of Corant Bermuda and Ed Broking Bermuda, added: “We continue to make strategic moves to take full advantage of current market conditions and establishing a reinsurance operation on the island plays a key role in realising those ambitions.”

Mr Stratton said: “I am pleased to be joining the team at this critical stage of its development. Corant’s core understanding and use of technology makes building a data enabled reinsurance platform an exciting opportunity, and I look forward to spearheading its reinsurance efforts in a key marketplace.”

Corant Global launched in January as the holding company for all the insurance interests of BGC Partners, Inc, the global brokerage and financial technology company.

Corant is the new name for BGC Insurance, and comprises of its broking operations Ed, Besso, Piiq Risk Partners and Junge as well as the group’s MGAs Cooper Gay, Globe Underwriting and Epsilon.

At launch, the company said those firms continue to operate under their separate brands, with Corant becoming the ultimate holding company.

Corant will also act as the investment vehicle for any future acquisitions for the group, the company said.

Corant is led by Steve Hearn, chief executive officer, and Mr Wallin, president.

Steven Beard joined Corant as executive director in February with wide ranging responsibility across the group with functions including finance, operations, IT, infrastructure and digital reporting to him, the company said.

Mr Hearn said at launch in January: “Through considerable investment, we have established a strong reputation as an expert insurance sector player with industry-changing ambitions.

“We have a multichannel platform that is packed with market leaders across the group, and we have built a reputation for empowering those talented colleagues to deliver exceptional results for our customers. Over the past few years, the platform has grown rapidly and we have ambitious plans for our future to further capitalise on the many opportunities we see.

“The time is now right for our achievements to be collectively recognised through the launch of a clear and distinctive holding company brand and identity. Corant will be the best home for the best people, and it will drive continued investment across our portfolio of broking, technology, underwriting and advisory businesses.”

In January, the company said approximately 900 people worked across all the insurance brands that make up Corant, with a combined total revenue of over $175 million and $2 billion-plus insurance premiums placed over the trailing 12 months ended September 30, 2020.