TAMPA, Fla.—Mar. 4, 2024– Juniper Re, LLC (“Juniper Re”), the dynamic reinsurance broking arm of BRP Group, Inc. (NASDAQ: BRP), proudly announces that is has received approval in principal from the Bermuda Monetary Authority (“BMA”) to open its Bermuda operations through its Bermuda subsidiary Juniper Re Bermuda, Ltd. (“Juniper Re Bermuda”), along with the appointment of Chris Hayward as Head of Office. With more than 30 years of experience in the industry, Chris brings a wealth of knowledge, relationships, and leadership to Juniper Re, reinforcing its commitment to delivering impactful solutions to clients globally. Juniper Re Bermuda will be licensed by the BMA as an insurance broker conditional upon satisfaction of certain conditions and its formal registration with the BMA.
Bermuda is a leader in the reinsurance industry and the largest supplier of catastrophe reinsurance to U.S. insurers. Establishing a presence in Bermuda rapidly expands Juniper Re’s footprint and market access for the benefit of current and future clients. As part of this vibrant, essential marketplace, Juniper Re gains access to talent, capacity, and inventiveness critical to serving their clients and propelling its growth plans.
In assuming the position as Head of Office for Juniper Re Bermuda, Chris returns to the broking discipline where he began his career. Chris’s illustrious career, spanning over three decades, has included notable leadership roles at MS Amlin AG and Willis Re, where he worked for nearly 25 years. Chris has a comprehensive track record for leading strong and diverse teams, executing global strategies, and delivering client-focused solutions. In his most recent role as Chief Underwriting Officer of the Bermuda branch of MS Amlin AG, Chris played a crucial role in designing and delivering underwriting strategies, driving change, and improving profitability of the underwriting book. Chris is a highly respected figure in the Bermuda marketplace, and his extensive property knowledge and ability to balance the analytical and relationship sides of the business make him a perfect fit for Juniper Re’s mission to provide authentic and data-driven guidance to clients.
Jeff Irvan, President of Juniper Re, shares his excitement about this dual announcement, “Chris’s appointment as our Bermuda Head of Office comes at a pivotal moment for Juniper Re. His vast experience in the reinsurance industry, and specifically Bermuda, is an invaluable asset and his leadership will play a crucial role in our growth. This move is a testament to our commitment to our clients and our focus on building an experienced, innovative team. There’s more coming, so keep an eye on Juniper Re.”
Expressing his own enthusiasm for the new role and Juniper Re’s growth trajectory, Chris Hayward said, “Joining Juniper Re at a time when the company is establishing its presence is truly exciting. With only six months since founding, Juniper Re’s intent to launch its Bermuda operation demonstrates its commitment to the market as well as further fueling the energy that continues to surround Juniper Re. I am eager to contribute my experience to further solidify Juniper Re’s position in the reinsurance industry. The company’s commitment to authenticity and collaboration aligns perfectly with my own values and I look forward to being part of the team and building strong relationships with clients and colleagues.”
Robert Mercier, Chief Operating Officer of Juniper Re, echoed the team’s excitement stating, “We are confident that Chris’s leadership will contribute significantly to our growth and success as we build the Bermuda team. Following formal licensing, we anticipate establishing operations and making additional hires in other key markets in the coming months. We remain singularly focused on executing our business strategy and continuing our journey in establishing a dynamic, collaborative, best-in-class reinsurance intermediary.”
ABOUT JUNIPER RE, LLC
Launched in October 2023, Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplined approach to deliver insightful counsel and solutions to our clients.
ABOUT BRP GROUP, INC.
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our Clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance, and employee benefits, and support our Clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. BRP Group represents over two million clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com.
BRP GROUP, INC. NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.
Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended December 31, 2023 and in BRP Group’s other filings with the SEC, which are available free of charge on the SEC’s website at: www.sec.gov, including those risks and other factors relevant to the business, financial condition and results of operations of BRP Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
JUNIPER RE PRESS
Amy Money, Head of Marketing
Juniper Re
214.533.3837 | amy.money@juniperre.com
BRP PRESS
Anna Rozenich, Senior Director, Enterprise Communications
Baldwin Risk Partners
630.561.5907 | anna.rozenich@baldwinriskpartners.com
BRP INVESTOR RELATIONS
Bonnie Bishop, Executive Director, Investor Relations
Baldwin Risk Partners
813.259.8032 | IR@baldwinriskpartners.com
