New York-based reinsurance holding company Southport Re appointed Glenn Weber to the newly created position of chief executive officer. Southport Re is part of New York-based private equity firm Southport Lane.
As the top executive at Southport Re, Weber will have overall management responsibility for the company and will help the firm address its clients’ needs for effective traditional and alternative risk transfer services. Additionally, he will also serve as executive vice president of its parent company, Southport Lane.
Previously, Weber was managing director and practice leader at Aon plc, where he led the firm’s risk finance and captive consulting practices, as well as its risk management outsourcing group. He also focused on advanced analytics, development of alternatives to the traditional market and process reengineering. Throughout his more than 25-year career, Weber has created, managed and advised insurance companies and other risk-bearing entities in analytics, risk management and finance.
Weber is also the architect of “The Aon Plan,” a proposal for the U.S. Treasury to create a risk pool for distressed assets under the Emergency Economic Stabilization Act (EESA), and led the delegation that testified before the Financial Services Oversight Committee.
Prior to Aon, Weber worked at Advisen Ltd. and spent more than 12 years with global insurance broker Johnson & Higgins. He began his career at Marsh & McLennan.