MS Reinsurance (MS Re) has introduced several changes to its underwriting leadership and organizational structure across Switzerland, Bermuda, and the United States.
The move includes the reorganization of its Americas, International, and global specialty lines business units to establish more direct links between underwriting teams and clients.
The company will consolidate its specialty lines, including engineering, under a new global specialty lines structure.
Within the Americas and international property and casualty businesses, MS Re will further align operations based on client type. The objective is to improve client understanding and better match offerings to demand.
Group chief underwriting officer Charles Goldie (pictured above) said the updates build on the reinsurer’s efforts over the last three years, during which it nearly doubled in size.
“Over the past three years we have nearly doubled the size of our business by focusing on the key needs of our clients and being a reliable and consistent partner for our brokers and clients,” he said. “These changes more closely connect our structure to our clients, to serve them in the most straight-forward way to support them in the challenges they will face in the coming years.”
As part of the leadership changes, Joerg Bruniecki will take on the role of chief underwriting officer (CUO), global specialty lines. He was previously CUO, international, while Goldie held the global specialty lines role on an interim basis. Andy Hottinger, formerly head of EMEA P&C, will succeed Bruniecki as CUO, international. Louis de Segonzac will remain as CUO, Americas.
Several internal promotions accompany the structural realignment. In the global specialty lines business, Paul Murphy will lead a dedicated financial risks team, which will oversee global credit, surety, political risk, and mortgage.
Andrew Shaw, previously head of US property, will now lead a newly established specialty property team, responsible for engineering and other complex risks. Rinat Bektleuov will continue to lead agriculture.
In the international business, David Raich has been promoted to lead the European mature markets team. Luciano Castagna will lead growth markets, while Phil Froncioni will take charge of APAC and international complex cat. Stefan Behr will lead international casualty, MGA, and non-standard solutions.
In the Americas, MS Re’s structure will mirror regional client segments. Joe Banker will lead the regional client team, while Maria Amelio will oversee two groups: national carriers, led by Jerry Farrell, and MGA/program business, led by MJ Chapleau. Lucas Castagnino will continue to lead the Latin America and Caribbean team, with no change to that structure.
“Our approach to the reinsurance business is quite simple – understand our clients well, provide solutions that make their business better and be easy to work with,” Goldie said.
The leadership restructuring aligns with recent executive moves within MS Re’s affiliated companies. In May, MS Transverse Insurance Group appointed Pete Chandler as chief revenue officer and Ethan Allen as chief program officer. Both executives bring prior experience in building out MGA and program business platforms.
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