Miller

The broker said new entrants were “holding their nerve” and that clients should not expect insurance spend to be slashed.

Rates are continuing to rise with most sectors experiencing around 15% increases, but, in some cases, cyber accounts had increases of up to 300%, according to Miller’s latest market update.

King is joining Miller as part of its Asian expansion strategy, with the independent broker hiring Ron Whyte as its head of strategic development in Singapore just a few months ago.

The broker will be responsible for leading and developing the surety offering.

Kate Levett will report to executive chairman Ken MacDonald.

Plus the winners of the Insider Honours and all the top news from the week.

The new hire is to take a role in Miller’s South African fac business.

The stock throughput specialist has worked in the London market for more than 35 years.

Pauline Goreham joins as head of construction, with Steve Cox and Jon Burke to follow.

The executive has worked for Capsicum, Tysers and Aon.

Ron Whyte will start in the role on 1 September and lead the reinsurance broker’s expansion in the Asia Pacific region.

The executive joins after 16 years at Mar Risk Services.