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Bermuda:Re+ILS Spring 2016

41 Spring 2016 Bermuda:Re/insurance+ILS SPECIALTY TEAMS Key executives Jed Rhoads, president, global reinsurance; Don Bahr, head of casualty reinsurance; Andrew (‘Barney’) Barnard, head of international property, catastrophe, & retro reinsurance; Tod Costikyan, head of specialty reinsurance; Steve Leitz, CAO, global reinsurance; Peta White, head of North American property reinsurance. RenaissanceRe As well as its decades-long leadership in catastrophe reinsurance, RenaissanceRe has grown its casualty and specialty book and has built a market-leading business in many classes. Its highlyexperienced team designs innovative, solutions-oriented products that address the challenges its clients face. Says the firm: “We develop long-term relationships that last through market cycles, so our clients can count on us to be here when they need us most. Our strong ratings and capital position, plus our track record of paying claims, mean that our clients trust us to be a resilient, dedicated partner. “In Bermuda, we have a strong presence in local and international casualty and professional lines placements and systemic clash. In addition, we’ve been growing our book of credit business and mortgage reinsurance, and building capacity in that space to meet client demand. “Across our platforms, our highly-coordinated team has been successful in working with brokers to bring new products and new capacity to the market in areas such as cyber and reps and warranties.” Renaissance Reinsurance: Ratings: AM Best ‘A+’; Standard & Poor’s ‘AA-’ Target business: Low frequency, high severity global reinsurance; all casualty and specialty classes; all business requires a cap; predominantly excess of loss RenaissanceRe Specialty Risks: Ratings: AM Best ‘A’; Standard & Poor’s ‘A+’ Target business: Non-US domiciled quota share reinsurance; all casualty and specialty classes; business does not require a cap Key executives Ross Curtis, senior vice president and group chief underwriting officer; David Marra, senior vice president and chief underwriting officer—casualty & specialty; Jay Cahill, vice president; Brian Flynn, vice president; Trevor Leitch, assistant vice president; James Riley, assistant vice president; Calvin Thomas, assistant vice president. Tokio Millennium Re Tokio Millennium Re’s (TMR) specialty reinsurance team underwrites agriculture, credit and terrorism business from Bermuda. Its credit portfolio focuses on non-traditional and idiosyncratic risks across corporate, structured and trade-related business. Products are offered on both a treaty and a facultative basis. TMR’s terrorism team supports a wide range of clients ranging from individual insurers to terrorism-focused pools. Coverage is available on a certified and non-certified basis in the US and TMR will also entertain standalone nuclear, biological, chemical or radiological weapons (NBCR) coverage. Its agriculture team focuses on large carriers in the US and Canada, as well as regional writers with strong underwriting principles. The company says its team “has vast experience in dealing with complex reinsurance requirements and employs strong analytical and underwriting capabilities in order to meet its clients’ unique and long-term requirements”. Backed by an unconditional parental guarantee and armed with a rating of ‘A++’ from AM Best, TMR will provide capacity of up to $50 million per programme on any specialty placement. It does not reveal how much gross written premiums this unit underwrites. Key executives Simon Arnott, executive vice president, underwriting, head of catastrophe; Stephen O’Flynn, executive vice president, underwriting, head of casualty; Victoria Cunningham, assistant vice president, underwriting.


Bermuda:Re+ILS Spring 2016
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