Andrew Bernstein, the CEO of specialist insurance-linked securities (ILS) and reinsurance funding supervisor Aeolus Capital Administration Ltd., will develop into the Head of Portfolio Administration on the agency, as co-head Evan Winters is to depart on the finish of this 12 months.
Bernstein and Winters had been each co-heads of portfolio administration, however with the long-standing worker Winters now leaving the agency, essentially the most senior duty for ILS portfolio administration is handed to the Aeolus CEO.
Winters, who has been a part of the Aeolus Capital Administration workforce for greater than 14 years, will depart the agency on December thirty first, which in fact means he can be lively for the corporate by the all-important year-end renewals.
He has held management roles in Aeolus’ modeling and portfolio administration features in his time on the firm and having relocated to america in late 2023, he’ll now full his transition on the finish of 2024 to pursue private pursuits full-time, the corporate defined.
Bernstein commented on Winters departure, “All of us at Aeolus wish to thank Evan for his years of service and quite a few contributions to our shared success. We are going to miss his management and partnership however totally help his determination and are happy he’s staying on by the top of the 12 months to finish a easy transition.
“We’re lucky to have a deep bench of underwriting expertise and are assured that we’ll proceed to ship wonderful service to all our enterprise companions.”
Winters added, “It has been a pleasure and privilege to work at Aeolus with such gifted colleagues. I consider our workforce is best-in-class and I’m assured that they are going to proceed to dedicate themselves to offering progressive options and superior service to cedants, brokers and traders.”
