Vallejo joined Davies in 2015, having served in senior roles in the banking and markets team.
The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.
With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.
Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.
Previously, he led European broking solutions at Guy Carpenter for more than three years.
The initiative also involves Nayms, a crypto-compatible insurance marketplace, and Copper.co, a digital asset custodian.
In her expanded role at Lloyd’s, Miller will continue to lead the commercial directorate and remain a member of Lloyd’s executive committee.
Rory MacGregor, divisional head of non-marine, will be promoted to head of underwriting.
