Insurance industry veteran Scott Cobon is the new managing director, Bermuda, for Bermudian-based insurance managers, Artex Risk Solutions.

Mr Cobon moves into the position formerly occupied by Rob Eastham, who is taking on the new role of executive chairman, Artex Bermuda.

The changes are among four senior leadership announcements made within Artex’s international division.

Artex also announced that Paul Eaton has been appointed managing director, ILS, and Mike Matthews has joined the company as commercial director, Artex International.

Peter Mullen, chief executive officer of Artex, said: “These appointments position our team for even greater innovation and growth in the coming years.”

Mr Cobon will have responsibility for the continued success and development of the growing Bermuda office, which handles a diverse range of insurance management products, including captives, insurance linked securities and commercial structures. Having more than ten years of experience in the Bermuda insurance management industry, he has been pivotal in the growth of Artex’s ILS business, the company said.

He previously worked as a treaty reinsurance broker in Sydney, Australia and began his career with PricewaterhouseCoopers in Brisbane.

Mr Eastham is an industry veteran with 38 years of experience in the Bermuda insurance industry, and is a well-known leader in all aspects of the ILS and captive industry, the company said.

Artex said Mr Eaton will have responsibility for driving the strategy, planning and growth of Artex ILS business across all locations. The company has a complement of more than 20 ILS insurance professionals within its Bermuda, Cayman and Guernsey offices.

Mr Eaton joined Artex in 2004 after a 13-year career with RSA in various underwriting and management roles. More recently he headed up Artex’s international business development. Based in Guernsey, he is a director of Artex Guernsey’s ILS cell companies.

Mr Matthews takes on a newly established role, where he will be responsible for the strategy, planning and delivery of growth for the international business, the company said. The role encompasses sales, marketing, product development and supporting client services. He began his career at AIG and is a seasoned industry professional with more than 30 years’ experience in structuring and developing complex and innovative captive insurance solutions, Artex said.

Artex, the fastest-growing insurance manager in the world, has had an annual growth rate of 17 per cent over the last seven years, tripling in size over that term.

The company serves some 1,500 customers with captive management and alternative risk management solutions through more than 1,000 risk-bearing entities. Licensed in 32 jurisdictions, it has more than 400 staff in 15 offices worldwide.