The Fidelis Partnership (TFP) a privately owned, Bermuda-domiciled managing normal underwriter, has appointed reinsurance and insurance-linked securities (ILS) veteran Erik Manning from BMS Re as Head of Ceded Reinsurance.
Based on the announcement, Manning will begin his new function this month.
Primarily based in Bermuda, Manning has greater than 20 years of expertise throughout reinsurance, with a specific deal with retrocession and ILS, together with roles in fund administration and structuring.
Most lately, he has held roles as a Director at BMS Re in Bermuda and as Head of ILS at re/insurance coverage broking group Miller.
Earlier than these he labored at Lutece and Peak Capital, previous to which Manning labored within the reinsurance broking world as Managing Director at Aon Bermuda, beforehand additionally holding senior roles at Markel Re and Man Carpenter.
He additionally has funding banking expertise gained at ABN Amro and Deutsche Financial institution within the 2000’s, with roles centered on various capital options and insurance-linked securities (ILS).
Richard Coulson, Deputy Group CUO and CEO of Insurance coverage, mentioned: “Ceded Reinsurance is considered one of TFP’s core strategic capabilities that differentiates our proposition from that of standard MGUs. We’re happy to welcome Erik and his wealth of trade contacts and expertise, and his appointment will strengthen our already deep relationships with each counterparties and brokers.”
Addressing his appointment, Manning mentioned: “Having labored extensively with TFP as a dealer, I do know first-hand the standard of the group and the regard through which the enterprise is held. I significantly stay up for getting began.”
On the similar time, The Fidelis Partnership has additionally appointed Suzanne Wells to the function of Chief Working Officer (COO), the place she might be primarily based in London.
Wells is about to hitch the agency in July from Arch Insurance coverage Worldwide, the place she at the moment serves as Deputy COO and holds duty for overseeing key UK features together with operational excellence, underwriting operations and strategic portfolio administration.
Earlier than she joined Arch, Wells spent almost 10 years working at Aviva.
Charles Mathias, Deputy Chairman at The Fidelis Partnership, commented: “We’re delighted to announce Suzanne’s appointment as our COO. Suzanne’s wealth of expertise in driving transformational change will allow us to assist our development technique with the appropriate know-how and operational capabilities, serving to us work even smarter and quicker when delivering excellence to our shoppers and brokers.”
Wells, added: “I’m massively excited to hitch a enterprise as dynamic as TFP. Operational excellence is a crucial a part of their fame for true market management, and I stay up for taking part in my half in serving to guarantee TFP has the appropriate know-how and infrastructure in place to empower their underwriters to keep up this place.”
