Canada Life Reinsurance has appointed Minas Kalachian (pictured above) to its US property and casualty (P&C) team.
Kalachian joins the company with extensive experience in structured reinsurance and established relationships with clients and brokers in the industry.
Canada Life Re head of P&C US markets Brendan Kearney said that Kalachian’s addition will support the ongoing development and growth of its P&C business. Canada Life Reinsurance and Kalachian plan to meet with client and broker partners at the American Property Casualty Insurance Association Annual Meeting in Orlando, scheduled for Oct. 5-7.
Kalachian’s professional background includes his current role in structured solutions for P&C at Canada Life Reinsurance since September 2025. Prior to this, he served as an advisor on contract work and was head of structuring at an insurtech firm from July 2022 to December 2023.
Earlier in his career, Kalachian was vice president at XL Catlin’s financial solutions division, working in both Stamford, Connecticut, and internationally in Bermuda and London. He began his actuarial career at RISCONCEPT INC as an actuarial consultant.
Kalachian holds an honors degree in statistics and actuarial sciences, as well as a bachelor’s degree in biology, both from Western University.
In August, Canada Life Re named Thomas O’Brien as head of its Dublin office. O’Brien brings more than 20 years of actuarial and reinsurance experience, having previously held senior roles at Hannover Re, Achmea, and Aviva.
The company also announced in June that it will exit its US traditional life mortality risk reinsurance segment by December 31. This move is part of a broader strategic realignment to focus on structured reinsurance, longevity risk, and catastrophe retrocession, which have been identified as key growth priorities.
Despite challenges from California wildfire claims, Canada Life Re also posted strong Q1 2025 results, limiting catastrophe exposure to CA$21 million in claims versus US$40 billion in industry losses. The company reported a 40% margin increase over 2023 figures.
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