Conduit Re, the pure-play reinsurance firm, has employed well-known Bermuda market government Nick Pritchard, who has joined the corporate as Underwriting Portfolio & Various Capital Supervisor.
Pritchard is well-known within the property disaster reinsurance and retrocession house and has a background that features working with third-party reinsurance capital and insurance-linked securities (ILS) specialists.
Initially, Pritchard labored in London at Validus-owned Talbot as a disaster modelling analyst after which property treaty reinsurance underwriter, earlier than turning into a U.S. property underwriter at Validus after transferring to Bermuda in 2009.
He then transitioned to the third-party capital and ILS aspect, working at Validus’ AlphaCat Managers as a VP Underwriter, originating enterprise and underwriting for the AlphaCat funds.
Pritchard then moved to work at underwriter Neon in 2017, spending over three and a half years on the firm, the place as Head of Property Reinsurance he oversaw the enlargement of Neon’s property reinsurance operations, each throughout the its Bermuda and London workplaces.
Pritchard then joined Vantage Danger and held the function of Head of Property Disaster Underwriting for roughly two years.
Earlier than most just lately becoming a member of Aon, as Managing Director, Property Retrocession, Bermuda, a task that noticed him interacting with most of the islands ILS funds and collateralized reinsurance writers, in addition to the broader conventional aspect of the retrocession market.
This month, Pritchard has joined Conduit Re, nonetheless in Bermuda, within the function of Underwriting Portfolio and Various Capital Supervisor.
We consider he turns into Conduit Re’s first explicitly different capital targeted worker, suggesting that because the reinsurance firm grows, different sources of capital and the ILS market are prone to grow to be more and more vital to it, with Pritchard set to handle relationships there.
The addition of Pritchard will present a spotlight level for the reinsurers’ discussions and buying and selling with different markets and ILS traders.
