PETER MILLS
LINKEDIN PROFILE | (e)-(h- | (m) +44 -
Peter is a highly respected and experienced C-Suite Executive, with extensive international experience
within the insurance and reinsurance business. Whether he is establishing a new business from scratch
and building into a successful company, raising millions of dollars in capital to fund ventures, managing
teams across international boundaries or developing client relationships with blue chip companies,
his results are undeniable. His open-minded but strategic approach, coupled with his ability to bridge
the gap between the product and the consumer and his significant board experience, means that he
would be a valuable addition to any company.
Peter is looking for a Non-Executive opportunity within the financial sector to help and advise the
board on anything related to operational inefficiencies, restructuring, business expansion, or client
development.
CORE COMPETENCIES
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Leadership
Financial Management
Capital Raising
Stakeholder Management
Strategic Planning
Underwriting
Coaching & Development
Personnel Management
Business Expansion
Insurance & Reinsurance
BOARD EXPERIENCE
Board Member, Syndicate Board 2689
Board Member, Holding Hamden Syndicate Service
Board Member, Endurance Specialty Insurance London
Executive Member, UK PRA Fit and Proper Board
Board Member, Tokio Millennium Re
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EXECUTIVE CAREER CHRONOLOGY
FOUNDER/CEO
Pyrrhic Re Ltd (London)
2019-PRESENT
A Reinsurance Managing General Agent with a Guernsey Holding Company and Protected Cell
Company. Key skills and achievements at this early stage of the company include;
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Raising £65m in capital to start the business,
Negotiating all the outsourcing agreements,
Interviewing, recruiting and training nine members of staff,
Managing banking relationships and the company’s revolving credit situation.
CEO/ACTIVE UNDERWRITER
Verto Syndicate 2689 (London)
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The syndicate was established to underwrite treaty reinsurance contracts, sourcing business via
reinsurance brokers leveraging long standing marketing relationships of the Underwriting team. Peter
was responsible for the Underwriting and operational Performance of this Lloyd’s syndicate start-up.
Key skills and achievements here included;
➢ Started the business from just an idea and grew it to become a highly successful and reputable
company. Despite difficult trading conditions, the project was completed on time and to budget,
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➢ Oversaw the approval and implementation process and the achievement of Lloyd’s minimum
standards,
➢ Recruited a core team of 8 talented staff members starting a business from scratch,
➢ Developed a book of treaty reinsurance of $350m in challenging trading conditions,
➢ Personally sourced approximately $220m of the business capital and raised an additional $70m of
capital to compensate for a shortfall brought on by an underperforming stakeholder,
➢ Execution ratios for sourced businesses stood at 90%, while take-up ratios stood at 85%,
➢ Maintained low expense ratios to keep to the spirit of the business mantra.
CHIEF UNDERWRITING OFFICER/MEMBER OF THE BOARD OF DIRECTORS; EMEA & GLOBAL
SPECIALITY REINSURANCE-
Endurance (Zurich)
Responsible for the management of several international reinsurance teams and the introduction of
diversity of the client base. Key skills and achievements here included;
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Achieving close to $1m in General & Administrative savings,
Responsible for developing a portfolio of circa $450m,
Acted as Head of the Zurich branch office with an office premium volume of $500m and 42 staff,
Accountable for Reinsurance Property & Casual operations, working on numerous complex
priorities within a dynamic and competitive environment. Responsibility for a portfolio of $90m
and 14 staff,
Responsible for hiring 27 staff for international specialty teams located across Zurich, Bermuda,
New York, London and Singapore,
Developing and implementing robust processes and procedures to facilitate co-ordinated
operations and continuity,
Acted as Head of Global Specialty Reinsurance. This was an ambitious start-up operation covering
an eclectic array of business interests, including; Political Risk, Trade Credit & Surety, Marine &
Energy, Agriculture, Aviation and Space Engineering,
Identifying, and capitalising upon, new business opportunities.
STRATEGIC UNDERWRITING OFFICER/MEMBER OF THE EXECUTIVE BOARD
Tokio Millenium Re Ltd (Zurich)
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An international reinsurance company with branches in Bermuda, Connecticut, Zurich, London and
Sydney and an annual turnover of $395m. Key skills and achievements here included;
➢ A Member of the Retrocession Committee,
➢ Responsible for the company successfully advancing into 7 new lines of business,
➢ An integral member of the Company Executive Committee, helping to promote mutual support
and clear communications to ensure a clear understanding of aims and goals,
➢ Developed and managed several successful Growth Strategies, including New Lines of Business
and the establishment of two new offices in Sydney and Zurich,
➢ Acted as the Underwriting Referral Officer for the London, Sydney and Zurich offices.
➢ Developed the reinsurance portfolio and the enactment of the branches underwriting guidelines
and procedures,
➢ Performed interviews for numerous positions within the branch, including own position.
SENIOR VICE PRESIDENT, SPECIALITY LINES
Tokio Millennium Re Ltd (Bermuda)
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Responsible for overseeing the reinsurance marketing, underwriting and financial responsibilities of
the Bermuda arm of Tokio Millennium. Key skills and achievements here included;
➢ Responsible for developing and driving business across the Specialty portfolio worldwide,
➢ Forging and developing robust relationships with reinsurance brokers globally to open up
lucrative opportunities,
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➢ Attending industry seminars to network, meet clients and reinsurance brokers and to maintain a
current awareness of industry regulations and legislations,
➢ Organising events to raise and enhance the company profile in key markets,
➢ Diligently managing the Specialty portfolio and providing expertise across numerous lines of
business,
➢ Underwriting all new and existing Specialty risks for the Specialty portfolio. This comprised of c.
200 contracts and $1.3bn in liabilities,
➢ Maintaining all existing deals through natural expiration or commutation and negotiating and
agreeing any retrocession and commutations,
➢ Collaborating with different groups and teams to evaluate Specialty Portfolio’s underwriting
performance,
➢ Responsible for the accurate and timely monthly, quarterly and annual analysis of the Specialty
portfolio,
➢ Supporting the establishment of any Collateral requirements via Letter of Credits or Trust
Agreements.
SENIOR UNDERWRITING MANAGER
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Cologne Reinsurance Company (Dublin)
An American multinational property/casualty and life/health reinsurance company offering a range of
products and services. It is represented in all major reinsurance markets worldwide through a network
of more than 40 offices and over 3,578 employees. Key skills and achievements here included;
➢ Developed and maintained business opportunities which fell within the group business model.
This led to being given sole responsibility for handling all activities with respect to North American
US Broker business and London Company market business. Also managed direct business in
Southern Europe, Africa and Asia,
➢ Responsibility for 31 active deals totalling $650m in ceded premiums and c. $70m of Reinsurance
Margina and LOC spreads,
➢ Played a pivotal role in the execution of 4 new deals in 2004, totalling $150m,
➢ Managed three associates, driving an environment of continual improvement and competence to
achieve high standards of service,
➢ Developed all contract wordings and managed existing deals through natural expiration or
commutation and negotiated 7 commutations in 2004,
➢ Worked in conjunction with Group actuarial and underwriting, sharing knowledge and promoting
mutual support,
➢ Consulted with the Capital department on asset and liability matching,
➢ Established Trust Agreements and worked closely with clients to identify year-end Letter of Credit
requirements on all US approved/non-admitted existing deals.
EARLIER CAREER HIGHLIGHTS
SENIOR UNDERWRITING MANAGER, Cologne Reinsurance Company (Dublin)
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MANAGING DIRECTOR, MIACM Services Ltd, Dublin
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VICE PRESIDENT, XL Europe Insurance Company, Dublin
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ASSISTANT VICE PRESIDENT, Gerling America Insurance Company, New York
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SENIOR UNDERWRITER, Crum & Forster Insurance Company, New York
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QUALIFICATIONS
BSc, Economics, St Francis College, New York
LANGUAGES
English | German | Spanish | French
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