Acrisure Re, the reinsurance broking and advisory firm with an operation in Bermuda, has expanded its corporate advisory and solutions division with two appointments.

Steve Ryland becomes global head of legacy and Thomas Deane becomes head of investment banking.

The company said Mr Ryland would be based in London and report to global managing director of Arcas, Ben Canagaretna.

Mr Deane will be based in New York and report to managing director and head of Arcas North America, Alex Orloff.

The company said both appointments would be working alongside the rest of the Arcas team to expand the range of services the division has to offer, with Mr Ryland focusing on the legacy re/insurance market and Mr Deane focusing on investment banking.

Mr Ryland joins from Catalina Holdings where he was most recently group head of global distribution, having joined in 2020 as CEO of UK operations and later becoming group chief commercial officer.

Mr Deane joins Acrisure Re from Stonybrook Capital where he was a partner for five years focused on investment banking opportunities in the lower-middle-market insurance sector.

Mr Canagaretna said: “The Arcas division has great momentum since its launch in 2021. At the heart of our value proposition is having senior executives from the carrier side giving better and more informed advice to our client base. Steve is another fantastic example of the calibre of talent we have within the team.”

Mr Orloff added: “We are thrilled to have Tom join Arcas, bringing his M&A and capital raising experience, as we continue to deepen and expand the range of solutions for our clients.

“We look forward to greatly strengthening our capabilities in the investment banking area under Tom’s leadership.”