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The Altamont-backed broker has been building out its team since launching in 2023. -
The headcount at the start-up now stands at around 40.
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Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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His leadership roles included overseeing the firm’s capital solutions group.
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The carrier announced a major writedown in its L&H book last year.
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Franklin Templeton’s allocations to ILS are managed by fund of funds manager K2 Advisors.
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Sykes has spent over 31 years with Aon, with the last 15 of those in Guernsey.
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He joined what was then Credit Suisse ILS in 2019, moving from Hiscox Re & ILS.
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The executive formerly served in senior leadership roles at Nomura, Credit Suisse and Goldman Sachs.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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He joined Nephila in 2023 from Lancashire as a senior underwriter.
