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Banyan Risk Names New CUO

There is a new chief underwriting officer at specialty MGA Banyan Risk Ltd.

Ben Munro has taken the role and will be responsible for overseeing its plans to grow profitably around the globe. He will also use his experience in the Bermuda market and insurance industry to enhance its models.

Who is Ben Munro?

Munro boasts an insurance career spanning more than three decades. During that time he has held senior underwriting roles at the likes of Markel, Chubb, and AIG. He also co-founded Briza, a software firm, back in 2018 – it focuses on enabling digital connections between insurers, distributors, and customers.

“I am extremely excited to be joining the Banyan Risk team as they continue to expand globally and look forward to helping to achieve our ambitious growth goals,” he said. “We have a phenomenal opportunity in front of us.”

What role will he play at Banyan Risk?

Banyan Risk is regulated by the Bermuda Monetary Authority and provides bespoke D&O solutions for life sciences, IPOs, technology firms, and SPACs. According to co-founder and CEO Tim Usher-Jones, Munro will bring “market-leading” experience in the D&O, financial institutions, and cyber business lines.

“With half a decade spent building a successful insurance company, we will continue to build out a best-in-class data and technology offering,” he noted. “He will greatly enhance our client and broker experience, and strengthen our global team.”

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