UnipolRe’s big team in Baden
UnipolRe, the Dublin-based reinsurer
backed by Italian insurer UnipolSai
Assicurazioni, has sent its largest
ever team to Baden-Baden this year as it
looks to consolidate the healthy growth it has
enjoyed in the region.
The contingent will include Thierry
Pelgrin, who has joined the business
as a senior underwriter for France;
Germany, Austria and Switzerland; Belgium
(French-speaking clients); Southern Europe;
and Central and Eastern Europe, reporting to
Simon Wigzell, underwriting manager.
Pelgrin joins from Sompo Canopius where
he was leader of operations in continental
Europe. Previously, he spent more than 10
years with Everest Re, where his last positions
were member of the strategic committee for
new business development (Europe) and treaty
manager for casualty & motor business in
Marco Sordoni, chief executive of
UnipolRe, said the reinsurer’s biggest three
markets are the UK, France and Germany
and hiring Pelgrin, who speaks French and
German, will help consolidate this growth.
He added that the reinsurer is gaining solid
traction in the market by offering added value
to clients. This is in the form of its telematics
expertise—leveraged from its parent UnipolSai
which is a global leader in this technology—
and a new capital management tool it has
developed and is offering to clients for free.
Smart Capital Management Solutions
(SCMS) has been developed in recognition of
the growing importance of capital optimisation
within companies, especially since Solvency II
came into force, and the increasing complexity
of capital management strategies.
It is designed to empower reinsurance
managers and buyers by helping them
understand what effect their buying strategies
will have on the internal capital models
and overall risk profile of their companies,
and taps into a gap in the market for such
a product, according to the executive team
behind its development.
Sordoni added that UnipolRe is also
benefiting from the certainty clients have that
it will not become part of another entity.
“It is owned by one of Italy’s largest
insurers; it is core to our strategy and
represents a good diversification play. We will
not be part of consolidation,” he said. l
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Lockton Companies LLP.
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