Elementum Advisors, LLC, the insurance-linked securities (ILS) fund and collateralized reinsurance funding supervisor, has introduced the hiring of Andreas (Andy) von Reitzenstein as Senior Vice President, Underwriting in Bermuda.
von Reitzenstein, a widely known skilled ILS and reinsurance specialist, is becoming a member of the agency’s Hamilton workplace and takes on a key underwriting function that can see him function a vital member of Elementum’s Funding group.
His duties will embody underwriting, portfolio administration, and origination for Elementum’s collateralized reinsurance inclusive funds, whereas with years of reinsurance and insurance-linked securities (ILS) market expertise he may even present management for the agency’s underwriting group, serving to to proceed the event of its underwriting associates.
“I’ve labored with Elementum as a counterparty for over 10 years and have skilled the agency’s professionalism and integrity firsthand,” von Reitzenstein mentioned. “I’m thrilled to hitch this elite group and wanting to contribute to its continued success.”
Most not too long ago, von Reitzenstein labored for Aspen Capital Markets, the third-party reinsurance capital and insurance-linked securities (ILS) operations of worldwide re/insurer Aspen Insurance coverage Holding Restricted, as a Portfolio Supervisor primarily based in Bermuda.
Previous to that, he labored for the Credit score Suisse Insurance coverage-Linked Methods backed reinsurance automobile Bernina Re, holding the place of Chief Underwriting Officer, North America.
Earlier than which he held different roles within the Credit score Suisse Insurance coverage-Linked Methods unit, first as a Senior Underwriter after which taking over the function of Market Head, Underwriting.
von Reitzenstein started his profession at Glacier Re in 2007 as a disaster danger modeller and underwriter. He had beforehand interned at Munich Re, the place he evaluated aerial pictures following Hurricane Katrina.
“I’m extremely excited to welcome Andy to our gifted group right here in Bermuda,” commented Paul Barker, Companion & Portfolio Supervisor and head of Elementum’s Bermuda workplace. “His robust work ethic, high-performance mentality, and community of deep relationships can be a boon to our already stellar group. We’re wanting to leverage his underwriting experience in addition to the broad vary of expertise he’s honed over his 17+ years within the trade.
“Andy won’t solely be an distinctive addition to the agency however may even function an integral a part of our tradition as we proceed to construct our platform and supply distinctive service to our purchasers and our counterparties.”
