Swiss Re has appointed worker Chris Minter as the brand new Head of its Different Capital Companions (ACP) division, as incumbent to the place Philipp Rüede is departing the worldwide reinsurance firm.
Different Capital Companions (ACP) was based in 2019, turning into the division that oversees all of Swiss Re’s actions with different capital traders, in addition to within the disaster bond and insurance-linked securities (ILS) market.
Philipp Rüede, previously World Head P&C Structured Options at Swiss Re, took on the place as Head of the Different Capital Companions unit and has led its growth 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 advised Artemis, “We want to thank Philipp for his important contribution to ACP’s success, and we want him properly in his future endeavours.”
Chris Minter, presently Head of Principal Investments & Acquisitions (PIA) at Swiss Re, might be taking on the Head of Different 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 World Head of Personal Fairness and World Head of Company Growth, in addition to in depth listed firm Board expertise,” the spokesperson advised 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 World 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 shoppers.
Throughout his profession, Minter has additionally held various non-executive director positions at listed insurance coverage and monetary companies corporations across the globe.
Again on the finish of Could 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 traders.
Actions beneath the ACP division at Swiss Re have expanded lately, with the launch of devoted ILS fund administration models, growth of its risk-sharing partnerships by quota share reinsurance sidecar preparations, and rising exercise in disaster bond structuring, bookrunning and secondary market buying and selling.
