Swiss Re Americas announced a new structure and leaders for the company’s U.S. property/casualty markets.
The changes follow Bill Donnell’s departure as president of Swiss Re Americas’ U.S. property/casualty markets to become president and CEO of the workers’ compensation rating group, the National Council on Compensation Insurance (NCCI).
“Our new structure will move decision-making closer to the markets to better serve our clients’ needs,” according to Eric Smith, president and CEO of Swiss Re Americas.
The new structure will have three managing director positions focused on the U.S.
President of U.S. P/C – Regional & National: Keith Wolfe will continue to lead the regional and national team, and he will assume the role of president of Swiss Reinsurance America Corp. In this new capacity, he will be responsible for all legal entity management, rating agency and regulatory interaction on behalf of the flagship reinsurance carrier.
President of U.S. P/C – Large Clients:Seth Ruff will lead the divisional client executives team, which is responsible for the overall relationships with large clients. In addition, he will lead Swiss Re’s client market underwriters, who handle the brokered treaty business for both large and global clients. He will assume the role of president of Swiss Re Underwriters Agency Inc. Ruff was most recently head of P&C Structured Solutions, U.S. Broker, Canada and Latin America.
Head of P/C Facultative: Ute Michaelsen will lead all facultative teams direct and brokered in the U.S. and Canada. She has held a number of roles with Swiss Re over the past 19 years, most prominently as divisional client executive for large clients, and more recently as broker executive for Swiss Re Underwriters Agency Inc..
All three leaders will report to Smith and all appointments are effective May 2.
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