RKH snags RFIB trio to target treaty growth across APAC

RKH Reinsurance Brokers (RKHRB), a part of the Hyperion Insurance Group, has made three key hires from RFIB to enhance its treaty reinsurance strategy across the Asia Pacific region.

Steve Warwick joins as head of treaty reinsurance APAC, Xueyang Wang (XY) as director, and Steven Chung as associate director.

All three executives will be based in Hong Kong and previously worked at RFIB Hong Kong, which was established and led by Warwick as CEO. Warwick has held several senior positions including CEO of Aon Re Australia, MD for Treaty in Asia Pacific and CEO of Greater China for Aon Benfield.

In his newly created role, Warwick will be responsible for building the RKHRB’s capabilities and business across the region. He will be supported by Wang and Chung. Wang has over 10 years’ experience working in the Hong Kong and London market, focusing on treaty production and placement, whilst Chung has over 20 years’ of technical reinsurance operations experience across Asia.

RKHRB has been expanding its treaty capabilities over the last 18 months across a number of regions globally.

Stuart Beatty, RKHRB head of APAC, said: “This investment is key to evolving our treaty strategy across APAC. The current environment of broker consolidation, hardening market and increasing client requirements for treaty reinsurance solutions and choice in the region makes this a natural step for the Hyperion group. This initial investment will be the start of our group initiative in this area in APAC. Steve has extensive and long-standing relationships with many carriers across the region and he will be key to managing our regional treaty strategy. We will look to build on this with other strategic hires in the future.”

Elliot Richardson, chairman of RKHRB, added: "Treaty Reinsurance has been identified as one of our key growth platforms globally. As the only privately-owned broker that combines a global network of offices, a dedicated analytics platform and places USD7bn-USD8bn premium into the market, it is a natural step for us to provide quality choice for both clients and people in the region. Steve is one of the most experienced treaty business leaders in the region and we are delighted to have him on board.”