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Our Clientele

Our clients are market technicians. It is that skillset that allows our clients to be market leaders. Our clients are opinionated and passionate about outperformance.

They view reinsurance relationships as long-term. They are gross loss ratio underwriters and treat their reinsurance partners in a fair and equitable manner.  

Our Offer

We are a provider of Quota Share Treaty Reinsurance to Lloyd’s and Non-Lloyd’s insurance businesses. 

Our business is global. Our product offer includes both Whole Account and individual Class of Business treaties. 

The following classes being preferred:

  • Property Cat and Non Cat Quota Share.
  • Casualty and Professional Lines Quota Share.
  • Specialty Quota Shares including Marine & Energy, Agriculture, Aviation, Engineering and London Market Specialty Classes.

Why Verto?

We are focused

We engage in classes of business we know and understand. We are a quoting market with written lines ranging from 5% to 10%. We are opinionated on business plans and special acceptances.

We are experienced

The senior team bring a combined 140 years of insurance and reinsurance underwriting and pricing experience. A strong track record of outperformance and cycle management.

We are a quoting market

We do not support following markets and as such do not act as a following reinsurer.

We do not compete with our clientele

We are a reinsurer only. We have no intention of ever becoming an insurer. 

We do not write across the market

We reinsure market leaders only and do not support following markets or underperforming ones.

We are built for this marketplace

We operate a business with a preference for low volatility. We are qualitative and quantitative focused. Our areas of strength are risk selection, aggregate management and costs control. 

We are financially strong

Licensed and approved Lloyd’s syndicate backed by the Private Names and Capital of the Hampden Agencies. The largest Members Agent at Lloyd’s. Private Names and Capital are the longest standing and most consistent risk bearers in the history of Insurance/Reinsurance.

Our Team

Peter Mills
Peter Mills
CEO and CUO, Verto

Peter has more than 30 years’ underwriting and leadership experience in the re/insurance market. Peter was most recently Head of Global Specialty Reinsurance and EMEA P&C for  Endurance Re. Prior to Endurance Re, Peter was a member of the Executive Committee and  Strategic Underwriting Officer for Tokio Millennium Re. Peter has held roles at Cologne Re, MIACM, XL and Gerling

Andrew Cunningham
Andrew Cunningham
Chief Pricing Actuary, Verto

Andrew is a qualified actuary and brings over 24 years of market experience.  Andrew is responsible for overseeing price sufficiency and exposure management of the Verto portfolio. Prior to Verto, Andrew served as structured deal broker for Guy Carpenter as well as overseeing the analytic offering of the retrocessional division. Andrew, has also been an underwriter and actuary for Brit and was Head of Office for Brit Gibraltar where he served on the Board. 

Simon Ashby
Simon Ashby
Deputy Active Underwriter – Property & Casualty Lines, Verto

Simon started his career in the Insurance Industry back in 1982.Simon leads the Personal Lines Property Cat and the Casualty & Professional Lines portfolios. He was previously CEO of Willis Global Solutions International and prior to that was Managing Director of Marsh Bermuda FINPRO for ten years. Simon was also responsible for setting up the London and Lloyd’s operation for Gulf Specialty UK Limited (part of Travelers Group) where he held the position of Chief Underwriting Officer.

Tim Griffiths
Tim Griffiths
Deputy Active Underwriter - Specialty Lines, Verto

Tim is responsible for underwriting specialty reinsurance lines and the placement of Verto’s outwards reinsurance.  Tim brings in-depth market knowledge and strong relationships.  He previously served as an underwriter at Sompo International Re (ex Endurance Re) in Zurich. He started in Lloyd’s with Bain Dawes handling marine & energy reinsurance and subsequently held senior broking roles in Alexander Howden / Aon and Guy Carpenter.

Olivia Bailey
Olivia Bailey
Underwriter, Verto

Olivia has 5 years’ underwriting experience and shall perform a diversified function of Underwriting and Underwriting Support. Prior to Verto, Olivia was at Ark Syndicate in the Property D&F team and Property Binders team. Olivia has achieved a number of awards within the insurance industry recognising performance in innovation, underwriting and in the ACII exams. Prior to working in insurance, Olivia received a First-Class degree in Geography with European Study from the University of Exeter. 

Alex Kiy
Alex Kiy
Actuary, Verto

Alex is Verto’s Pricing Actuary. He has over 4 years’ experience in general insurance and reinsurance and is an almost fully qualified actuary. Prior to Verto, Alex was at Argo Global where he built and operated pricing models across many lines of business. Alex brings with him significant experience of predictive analytics and will use his programming skills to harness modern pricing and ‘data science’ techniques.  

Managing Agent
Asta Logo

Asta is our appointed managing agent. Asta are an approved Lloyd’s managing agent whose principal activity is the start up and management of Lloyd’s syndicates. Asta currently manage 9 Lloyd’s syndicates and £1 billion of capacity.

Principal Backers
Asset 2

Hampden is a leading provider of specialist Insurance and Financial Support Services.

Hampden Capital Plc (HCP) is the holding company for the specialist services of Hampden companies including Hampden Agencies (HAL) Ltd. 

Hampden Syndicate Services (HSSL) Ltd. HSSL is the employment vehicle of the Verto Syndicate staff.

HAL represent and advise Members of Lloyd’s. HAL act for over 1,100 clients with underwriting capacity of over £2 billion. HAL Members of Lloyd’s shall be the primary provider for Verto Syndicate’s Funds at Lloyd’s.

Lloyds
About Lloyd’s of London
Lloyds

Lloyd’s of London is the world’s leading specialist insurance and reinsurance market. There are more than 50 leading insurance companies, over 200 registered Lloyd’s brokers and a global network of over 4,000 local cover holders operate in and bring business to the Lloyd’s market. Lloyd's currently enjoys an "A+" from Standard & Poor’s (Strong), “A" rating from A.M. Best (Excellent) and “A+” ratings from Fitch Ratings.

Message Us

Please fill in the contact form with your details and the nature of your enquiry. Or call us directly at the number below. We look forward to hearing from you.

Call Us

T: +44 2077 430 850
F: +44 2077 430 901

Find Us

5th Floor Camomile Court
23 Camomile Street
London EC3A 7LL