Swiss Re has appointed worker Chris Minter as the brand new Head of its Various Capital Companions (ACP) division, as incumbent to the place Philipp Rüede is departing the worldwide reinsurance firm.
Various Capital Companions (ACP) was based in 2019, turning into the division that oversees all of Swiss Re’s actions with different capital buyers, in addition to within the disaster bond and insurance-linked securities (ILS) market.
Philipp Rüede, previously International Head P&C Structured Options at Swiss Re, took on the place as Head of the Various Capital Companions unit and has led its improvement since then.
Now, following 12 years on the firm, Rüede is about to depart Swiss Re to pursue exterior alternatives, the reinsurance firm defined.
A Swiss Re spokesperson instructed Artemis, “We wish to thank Philipp for his important contribution to ACP’s success, and we want him nicely in his future endeavours.”
Chris Minter, at the moment Head of Principal Investments & Acquisitions (PIA) at Swiss Re, can be taking up the Head of Various Capital Companions (ACP) position on the firm.
“Along with his 11 years at Swiss Re, Chris brings management expertise from his prior roles at Deutsche Financial institution as International Head of Personal Fairness and International Head of Company Growth, in addition to intensive listed firm Board expertise,” the spokesperson instructed Artemis.
In his earlier position on the reinsurer, Minter was liable for the continued administration of Swiss Re’s principal investments portfolio, in addition to for acquisitions and divestments of strategic and monetary holdings of the corporate.
Earlier than he joined Swiss Re in 2013, Minter spent greater than a decade at Deutsche Financial institution, in senior roles together with as International Head and CEO of DB Personal Fairness.
Previous to the funding financial institution, Minter labored at consultancy PwC, spending 7 years there serving to insurance coverage and banking purchasers.
Throughout his profession, Minter has additionally held a lot of non-executive director positions at listed insurance coverage and monetary providers corporations across the globe.
Again on the finish of Might we reported that assets under management across the Alternative Capital Partners (ACP) division of Swiss Re had reached $5 billion at April 1st 2024, of which $3.4 billion was from third-party buyers.
Actions below the ACP division at Swiss Re have expanded in recent times, with the launch of devoted ILS fund administration items, growth of its risk-sharing partnerships via quota share reinsurance sidecar preparations, and rising exercise in disaster bond structuring, bookrunning and secondary market buying and selling.
