Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt.

November 1, 2017

Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management.

Richards will lead the Casualty Reinsurance team, starting Nov. 1, 2017. He will be succeeded by Parton, currently head Primary Lead Strategy & Client Engagement for Corporate Solutions. Her new role begins on Dec. 1, while Shepherd’s L&H appointment was effective on Oct. 1, 2017.

Richards has spent 23 years at Swiss Re (including 11 years at GE Insurance Solutions prior to the merger in 2006) in functions touching many aspects of reinsurance. In his current role as head P/C Business Management, he has developed a strong knowledge of core P/C in-force portfolio from a claims, reserving and retro operations perspective and has been heavily involved in large P/C transactions, said Swiss Re in a statement.

He has an interest in technological developments that enable Swiss Re to provide new solutions for clients, said Swiss Re, noting that he led the fintech initiative for Swiss Re’s reinsurance business.

Richards graduated from the University of Bath in 1992 with a bachelor’s degree in business administration. He will remain a member of Swiss Re’s Reinsurance Management Team reporting to Moses Ojeisekhoba, CEO Reinsurance, and will continue to be based in Copenhagen.

Parton has more than 20 years’ experience in the re/insurance industry. Before leading the implementation of the primary lead strategy, she served in various claims leadership roles, including head of Corporate Solutions Claims.

During her time at Corporate Solutions, Parton also led a number of business initiatives to support client retention and portfolio management strategies. She also led the development of Claims Commitment, a claims service approach “now viewed as a differentiator in the market,” the company said.

Parton will become a member of the Reinsurance Management team reporting to Moses Ojeisekhoba and will continue to be based in London.

She graduated with honors from the University of Auckland in 1996 and is admitted as a barrister and solicitor of the High Court in New Zealand. She practiced law in New Zealand and, upon relocating to the U.K., joined a London law firm focusing on insurance before joining Swiss Re in 2003.

In his new role, Shepherd will be responsible for managing Swiss Re’s in-force portfolio of Life & Health reinsurance business. This includes claims management, technical accounting, portfolio management, run-off, auditing, reinsurance operations and reserving. Swiss Re said that Shepherd has built a wealth of experience in the industry having started his reinsurance career in 1987 with Victory Re. He joined Swiss Re in 2006 with the GE Insurance Solutions’ acquisition, having been part of the GE Global L&H Executive team.

After 10 years as a Swiss Re client manager and underwriter in multiple markets, Shepherd moved through roles in technology, business services, contracts, technical accounting claims operations and project management, before becoming chief operating officer of the reinsurance business in 2011.

Shepherd is a British citizen, living in Zurich. He holds qualifications with the Chartered Insurance Institute and Chartered Institute of Marketing in the UK. He continues as a member of the Reinsurance Management Team, reporting to Moses Ojeisekhoba.

Source: Swiss Re

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