MS Reinsurance Receives Financial Strength Rating Upgrades

MS Re’s Americas and International P&C offering will be further aligned to client types to deepen client understanding, deliver broad client solutions, and meet the evolving demands of its client base.

“These changes will build on our success to date and put us in a position to continue growing our business in the future,” said Charles Goldie, Group Chief Underwriting Officer at MS Re. “Over the past three years we have nearly doubled the size of our business by focusing on the key needs of our clients and being a reliable and consistent partner for our brokers and clients. 

“We have built a team of strong, disciplined underwriting professionals who are known and trusted in the market and a well-diversified portfolio consistent with our strategy. These changes more closely connect our structure to our clients, to serve them in the most straight-forward way to support them in the challenges they will face in the coming years,” Mr. Goldie added.

The changes in leadership will be as follows:

• Joerg Bruniecki will transition to the role of Chief Underwriting Officer (CUO), Global Specialty Lines, from CUO, International. Mr. Goldie has held the role on an interim basis for the past 18 months, in addition to his Group CUO role.
• Andy Hottinger, previously Head of EMEA P&C, will be promoted and succeed Mr. Bruniecki to lead the International team as CUO, International.
• Louis de Segonzac will continue in his role as CUO, Americas.

Direct reports of the business unit CUOs are as follows:

• Within the Global Specialty Lines business unit, MS Re has promoted Paul Murphy to lead a dedicated Financial Risks team. This team will be responsible for the Global Credit, Surety, Political Risk and Mortgage business. The Company will also establish a Specialty Property team, led by Andrew Shaw, who was previously Head of US Property. This team will manage MS Re’s Global Engineering business and other Specialty risks including Complex Industrial and Corporate risks. Rinat Bektleuov will continue to lead Agriculture business.
• Within the International business unit, David Raich has been promoted to lead the European Mature Markets team. Growth Markets will be led by Luciano Castagna. APAC and International Complex Cat will be led by Phil Froncioni, and
• Casualty, MGA, and non-standard solutions will be headed up by Stefan Behr. These changes enhance its current client-oriented structure, while recognizing the growth of the MGA market in Europe and the opportunities it may present.
• The Americas business unit structure closely mirrors the region’s client types. Joe Banker will lead the Regional Client team, and Maria Amelio, will oversee two teams - National Carriers led by Jerry Farrell, and MGA/Program business led by MJ Chapleau. Lucas Castagnino will continue to lead the Latin America and Caribbean team, with no change to the structure.

“Our approach to the reinsurance business is quite simple - understand our clients well, provide solutions that make their business better and be easy to work with,” Mr. Goldie added. “We’ve done a great job on this to date, and these changes ensure that we continue to build on this success in the future.”

About MS Re

MS Reinsurance is a global reinsurer domiciled in Switzerland with underwriting offices in Zurich, Bermuda, Miami, and New York. The Company underwrites non-life treaty reinsurance solutions on a worldwide basis through its three business units: Americas, International, and Specialty Lines. As part of the world-leading insurance group MS&AD, MS Reinsurance combines reliability and agility to make its clients' businesses stronger. With a drive to move quickly and a commitment to long-term partnership, MS Reinsurance supports its partners with the momentum and stability they can build on.

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For further information please contact:

Stephen Breen, Rein4ce

+44 7843076556

stephen.breen@rein4ce.co.uk