Ryland Named Armour Re Sr. VP

January 4, 2010

Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Steve Ryland as Senior Vice President of the Group. His experience is in the areas of insurance run-off and the provision of services to discontinued insurance and reinsurance entities.

Ryland was previously Executive Director of PRO Insurance Solutions (formerly a Swiss Re Group company) where he had responsibility for global business development and was a member of strategy, executive committee and management boards.

He was with PRO Solutions for 16 years, and “oversaw the origination and integration of more than 90 clients worldwide with combined aggregate portfolio liabilities managed in excess of US $3billion,” said the bulletin.

Armour Re Chairman and CEO Brad Huntington noted Ryland’s “long, proven history of business origination and development and oversight of growth strategies for distressed, discontinued and other specialty sectors of the global insurance and reinsurance marketplace.”

Armour Re “is a holding company for the Armour Re Group – a Bermuda based group of insurance, reinsurance and service companies which specialize in the creation and implementation of solutions and acquisitions within the distressed, discontinued and other specialty sectors of the global insurance and reinsurance marketplace,” the bulletin explained. It was founded in 2007 by its two principals, Brad Huntington and John Williams.

Source: Armour Re – www.armour-re.com

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