Ocean Re has named Diego Cervantes-Knox FCMA, CGMA as its new group chief operating officer.
In his new role, Cervantes-Knox will be responsible for overseeing Ocean Re’s global operations and leading the group’s technology strategy. His remit includes driving modernization initiatives aimed at long-term scalability and value creation.
Cervantes-Knox brings more than two decades of experience across insurance, reinsurance, and asset management. Most recently, he served as a partner at PwC in its insurance, asset and wealth management practice, where he led CFO advisory and digital transformation services.
In this position, he advised C-suite executives on modernizing finance and operations, and led initiatives to deliver operational efficiency through technology, data, and governance.
During his time at PwC, he also held the role of lead partner for technical delivery in the firm’s cloud and digital transformation program.
Before joining PwC, Cervantes-Knox worked in various leadership positions at EY, RSA, Hiscox, and Chubb. At EY, he directed performance improvement projects for insurance clients and held several interim executive roles, including UK COO and head of transformation for global insurance and reinsurance.
Earlier in his career, he held senior roles in financial planning and analytics at Hiscox and Chubb, and also worked in investment management and innovation-focused roles at 3i Group and Google.
In addition to his corporate roles, Cervantes-Knox currently serves as a non-executive director and board member at The Growth Company, supporting governance and capital strategy for SME financing initiatives. He has also held committee roles with King's College London and The Charitable Fund, contributing to financial oversight and strategic planning.
He holds an MBA from the University of Lincoln and a BA in economics and marketing from ESIC Business & Marketing School. Cervantes-Knox is also a Chartered Global Management Accountant.
Ocean Re currently holds a financial strength rating of A- (Excellent) from AM Best, with a stable outlook. The company has a growing international footprint, operating in 96 countries across Latin America, Asia, the Middle East, and North Africa.
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