After launching earlier this year with more than $1 billion in initial equity investment, Bermuda-based Chariot Re has named Andrew Preston as chief financial officer, effective October 1, 2025.
Preston brings more than two decades of international insurance and reinsurance experience. He most recently served as CFO of Aspida Life Re in Bermuda. Earlier in his career, he was group chief accounting officer of Monument Re Group and acted as the Bermuda Monetary Authority–approved group principal representative. His responsibilities there included strategic financing, capital management, regulatory reporting, investment oversight, and M&A execution.
In addition to executive posts, Preston has been active in Bermuda’s re/insurance community through industry forums and through his support of the Bermuda International Long Term Insurers and Reinsurers (BILTIR).
Chariot Re chair and CEO Cynthia Smith said the company is confident in Preston’s industry knowledge and reputation in the Bermuda market, which she noted would provide perspective to the team.
“With his deep knowledge of the industry and strong reputation within the Bermuda community, we are confident he will bring valuable perspective to the team,” said Smith.
The appointment follows the hiring of Reena Pally as chief investment officer in August 2025. Chariot Re was formed as a Class E life and annuity reinsurer, co-sponsored by MetLife and General Atlantic and backed by Chubb along with other investors. In July, the company completed its first reinsurance transaction with a MetLife subsidiary.
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