Bermuda-based Höegh LNG Partners, which transports liquid natural gas, has announced that insurance expert Tim Faries has joined its board of directors.
Faries is a partner of Appleby (Bermuda) in the corporate department and a member of the insurance team. Faries was Bermuda office managing partner from 2015-2021. Faries is also chief executive of Appleby Global Corporate Services.
He has extensive experience of public and private insurance company capital raising and M&A activity, public listings on US, UK and European securities exchanges, the establishment and licensing of alternative risk financing vehicles such as cat bonds, ILWs and other insurance-linked securities and captive insurance companies in established and emerging markets.
Faries replaced Tonesan Amissah, who resigned as a director of the board of directors at the closing of its 2022 Annual Meeting.
25 June 2026 Greg Lang, founder of the Reinsurance and Insurance Network (RAIN), continues his look at the numbers in the captive insurance industry, this time focusing on captive managers.