Acrisure Re, the reinsurance broking and advisory firm with an operation in Bermuda, has announced the expansion of its corporate advisory and solutions division into North America with the appointment of Alex Orloff as managing director, Arcas North America.

Mr Orloff will be based in New York and report to Ben Canagaretna, Arcas’ managing director.

In his new role, Mr Orloff will lead the North American arm of Arcas, working to build out and manage a team overseeing strategic and ratings advisory, capital raising, legacy transactions and asset management.

He will also work closely with Arcas colleagues in London as well as Acrisure Re colleagues on a variety of mandates and strategic initiatives.

Acrisure Re said Mr Orloff is a multi-lingual investment specialist in private and public markets with over 25 years of a broad spectrum of experience across the buy-side, the sell-side, investment banking and rating agencies.

He joins from BMS, where he was director of capital markets analytics for three years.

Prior to this, he founded the research company, Sybella Research, which provided investment research services to private issuers and investors in the US insurance industry.

Before that, Mr Orloff held senior positions at Twelve Capital, Credit Suisse, and Lazard Asset Management.