Bermuda-based Sequant Re appointed Victor Baillargeon as chief underwriting officer.
With over 35 years of underwriting experience, Baillargeon will lead the development of Sequant Re’s underwriting strategies that will support the company’s ambition of enabling investors of all sizes to access insurance linked securities (ILS) in a diversified manner.
Baillargeon’s appointment extends Sequant’s expertise beyond property catastrophe risks to include casualty and specialty lines of business. It further enhances the company’s strategy of building customized and diversified ILS portfolios to meet the capital markets’ increasing interest in reinsurance as an attractive investment strategy offering diversification due to its low correlation to other asset classes and financial markets.
Guy Cloutier, founder & CEO of Sequant Re, said: “As the ILS market continues to evolve, it is time for reinsurers to be innovative.”
Cloutier further stated: “It is Sequant’s vision to address the enormous gap between the true cost of risk (natural and man-made) and the protection actually provided through the traditional insurance and reinsurance market. With Vic on board, Sequant Re is well positioned to enhance its ILS offering and add value to our clients.”
Baillargeon commented: “I am delighted to be part of a company that has an innovative and fresh perspective on the future development of the convergence of re/insurance and the capital markets. We see current challenges in the reinsurance space as a tremendous opportunity. Investors and cedants are looking for solutions and it is our goal to increase the efficiency and flexibility of the securitization process and facilitate the access to ILS.”
Source: Sequant Re
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