Radix ILS hires Barnes Binnie & Jin, who bring retro, ILW, underwriting, actuarial expertise
Radix Insurance Linked Strategies (Radix ILS), the recently launched Bermuda-based third-party capital manager and tech-first reinsurance capacity deployment company, has made two hires in Bermuda, adding underwriting and actuarial expertise in instruments including property, retrocession and industry-loss warranties (ILWs).
Radix Insurance Linked Strategies (Radix ILS) was founded in 2025 with a digital-first approach to enabling partner capital to access the returns of insurance and reinsurance business, by creating direct investment opportunities into insurance-linked risks and with a focus on optimising capital allocations.
The company then recently launched Radix Alpha Ltd., registered as a collateralized insurer class company in Bermuda, the first underwriting vehicle for Radix ILS.
Now, the build-out of expertise on the island to source, assess and service risk for third-party capital providers has begun, with two key hires.
First, Radix ILS has hired Rachel Barnes Binnie, who was most recently a VP and retrocession focused reinsurance broker at Aon.
The company said, “Rachel Barnes Binnie joins us with a decade of reinsurance expertise. Her exceptional skills in property reinsurance are matched only by her extensive relationships throughout the industry.
“Most recently as a retro broker at Aon in Bermuda, Rachel cultivated an impressive network spanning carriers, brokers, and capital providers across the global reinsurance landscape – connections that will be invaluable as we continue to grow Radix ILS.”
Barnes Binnie spent almost four years broking in Bermuda for Aon, with a focus on retrocessional reinsurance opportunities.
Prior to that, she spent almost 6 years at Hamilton, as a catastrophe modelling analyst and property reinsurance underwriter.
Radix ILS has also hired Gordon Jin, an actuary with specific expertise in the retrocession market and on industry-loss warranty (ILW) instruments who also worked at Aon in his most recent role.
The company commented, “Gordon Jin brings his actuarial brilliance to our team after 4 years at Aon, where he served as VP – Retro/ILW Actuary. His global experience spans Guy Carpenter in Shanghai and Willis Towers Watson in Toronto, giving him a unique international perspective on reinsurance markets.
“With over a decade in the industry, Gordon’s analytical prowess will be instrumental to our work.”
At Aon, Jin was a VP and retro and ILW actuary, spending 4 years at the company based in Bermuda.
Prior to that, Jin spent almost 2 years at Guy Carpenter, working as a reinsurance actuary, prior to which he was a P&C actuarial associate at WTW.
These two hires bring a wide-range of experience in property catastrophe reinsurance and retrocession, as well as in trading with ILS markets and assisting clients with structuring and arranging instruments such as ILWs.
The company stated, “At Radix ILS, we’re building something special – a technology-driven approach to reinsurance that tackles the most challenging placements. Rachel and Gordon’s combined expertise in broking, underwriting, and actuarial science makes them perfect additions as we continue building.”
Hanni Ali, CEO of Radix ILS said, “I’m delighted to be adding Rachel and Gordon to the team. Their expertise positions Radix ILS for success.”
