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Bermuda:Re+ILS Spring 2016

31 Spring 2016 Bermuda:Re/insurance+ILS PROPERTY TEAMS Argo Re Bermuda Argo Re was established in late 2007 as part of an ambitious global expansion plan launched by Argo Group International Holdings. Headquartered in Bermuda and seeded by three senior underwriting executives from the Kiln group (now TokioMarineKiln), the underwriting team consists of four underwriters, two international marketing officers and an Argo Group underwriting support network including, among other disciplines, claims handling, legal contract processing, finance, modelling, administration and human resources. The team focuses on all lines of shorter-tail reinsurance ranging from traditional property-catastrophe excess of loss on a global basis to specialty lines such as title and crop reinsurance. The evolution of the reinsurance sector has accelerated the need to adapt and innovate quickly. The autonomous, nimble and close-knit team has been able to meet these demands, with the latest development being the establishment of a dedicated unit to offer bespoke structured/alternative products that offer clients the opportunity of building multi-line, multi-class and multi-year products. These sophisticated, tailored solutions demand depth of knowledge, mathematical rigour and intimate client relationships— “skillsets that few can combine as readily as we can”, says the firm. Argo Group’s strong balance sheet and AM Best ‘A’-rated paper, coupled with its low-volatility diversified portfolio of insurance and reinsurance delivered through multiple channels, “provides the strength, security and innovative approach critical to satisfying our clients’ ever-changing needs”. The GWP written is circa $120 million. Key executives Matthew Wilken president; Mike Cornish, chief underwriting officer; Amit Shah, senior underwriter; and Mark Mitchell, underwriter; along with international marketing officers Craig Roberts, London, and Rudy Bogaerts, Brussels. Ariel Re Ariel Re’s property team writes approximately $160 million GWP. The core and target markets for this team are US and international cat excess of loss, occurrence and aggregate. Strong points are the team’s fast, flexible systems which allow quick turnaround time. Key executives Myles Orchard, head of catastrophe reinsurance; Reed Gaglio, US treaty underwriter; Sarah Morgan, US treaty underwriter; Katie Partington, international treaty underwriter; Joel Willens, international treaty underwriter. Aspen Re Aspen Re’s team in Bermuda focuses on providing property reinsurance solutions for the company’s largest global customers, together with its client base in North America, Japan, and the UK. It offers catastrophe, risk and pro rata products. In addition to all lines of property reinsurance clients and brokers have full access to an expansive variety of casualty and specialty reinsurance solutions via Aspen Re’s global business. The firm says: “At Aspen Re in Bermuda we work with our broker partners globally to provide clients with robust product solutions to successfully meet their needs in the current market environment.” Core property reinsurance clients enjoy the benefits of the team’s ability to cross-sell a broad range of products. “We seek to engage with clients on many levels to help fulfil all their reinsurance requirements. The longevity of these relationships speaks to the strength of our underwriting and our ability to find appropriate solutions throughout market cycles.” The Bermuda team works closely with the Aspen capital markets team to add new and flexible capacity “ensuring we remain a competitive and innovative partner”. A strong commitment to research and development as well as actuarial expertise gives the team a robust, prudent and thoughtful approach to underwriting. “We maintain a strong commitment to core clients and remain committed in seeking opportunities to develop new relationships and reinsurance partners.” GWP of Aspen Bermuda was around $250 million in 2014. Key executives Tom Meyer, chief underwriting officer, Aspen Bermuda; Christian Dunleavy, head of global property catastrophe; Andrew Mellor, head of international catastrophe; Gordon Cooper, underwriter, property reinsurance; Jessie Masters, assistant underwriter, property reinsurance; Robin Anderson, assistant underwriter, property reinsurance. AXIS Re AXIS Re’s Bermuda office targets cat, retro, per risk and QS business for clients or programmes where the dominant exposure emanates from the US, Canada, Caribbean, and UK. The majority of the portfolio is written on an excess of loss basis. The firm’s approximate GPW in this sector is $300 million. Says the firm: “Our highly disciplined and experienced underwriting, modelling and actuarial teams are backed by a 15-year track record of outstanding results, service to our clients and exceptional financial strength. Our ability to write multiple types of property contracts with the access to a global multiline suite of products offered by AXIS Re globally provides our clients with stability, continuity and worldclass analytics across the cycle.” Key executives Peter Kiernan, president and CUO; Dave Wolfe, executive vice president, senior underwriter; Shab Ahmed, vice president, underwriting actuary; Andrew Lemon, vice president, head of cat modelling; Carmen Gracey, associate vice president, treaty underwriter.


Bermuda:Re+ILS Spring 2016
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