Bermuda’s SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams

November 1, 2012

S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams.

Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will be responsible for establishing the company’s property reinsurance business. Prior to joining SAC Re, Reardon was chief underwriting officer International at ACE Tempest Re Bermuda for seven years, where she was responsible for the international property reinsurance business. Reardon, who began her career with ACE’s predecessor Cigna P&C, has 18 years of (re)insurance industry experience and is a fellow of the Casualty Actuarial Society.

Tim Duffin has joined SAC Re as senior vice president, underwriter for Property, reporting to Reardon. Duffin was most recently a property reinsurance underwriter for Platinum Underwriters Bermuda, Ltd, where he focused on U.S. property catastrophe reinsurance. Previously, Duffin was a reinsurance broker for Aon in London and Bermuda.

SAC Re’s finance team has added Vanessa Hardy Pickering, who has joined as group controller, reporting to the company’s chief financial officer. Prior to joining SAC Re, Hardy Pickering was senior vice president, controller for Ariel Re Bermuda Ltd. (a subsidiary of Goldman Sachs) since April, 2012 and Ariel Reinsurance Co. Ltd. for the previous six years.

Completing the recent key hires, Susan Smith has joined SAC Re as senior risk analyst, reporting to the company’s head of Risk and Analytics. Smith was previously a senior risk analyst at Montpelier Reinsurance Holdings Ltd.

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