International reinsurance agency Hannover Re has introduced that worker Michael Eberhardt will develop into its new Managing Director and Chief Underwriting Officer (CUO) of Hannover Re Bermuda.
Eberhardt is presently the Head of Hannover Re’s Australian Department and Head of its Enterprise Heart for Treaty in Australia and New Zealand.
He was labored for the German reinsurance firm since 2006 in a variety of more and more senior roles.
He started his profession with the reinsurer working in Germany as an underwriter, with a give attention to structured reinsurance merchandise within the Hannover Re Superior Options unit, masking a geographical scope for Spain, Portugal, Latin America, and the Caribbean.
Eberhardt relocated to Australia and have become Hannover Re’s Head of Treaty reinsurance enterprise there in 2012.
He later grew to become Hannover Re’s GM for its Australian department in 2016 after which MD and Head of it in 2021, with CEO duty for the native entity.
Eberhardt will now lead underwriting at Hannover Re’s Bermuda reinsurance firm, which is a key construction for the worldwide firms underwriting operations, with specific relevance for its actions within the insurance-linked securities (ILS) house as effectively.
The Hannover Re Bermuda department works intently with ILS managers based mostly on the island, we perceive.
In recent times, Hannover Re has constructed out a significant and growing specialism in fronting and risk transformation for ILS fund managers and for ILS transactions, together with disaster bonds and collateralized reinsurance.
The Bermuda unit is regarded as a key level of connectivity with the ILS market, particularly with Bermuda-based managers and ILS buildings.
