12 September 2014ILS

Markel Re boosts Bermuda team

Markel Re has strengthened its Bermuda-based operations with a number of leadership appointments.

Erik Manning has been appointed as managing director. He recently served as managing director, specialty practice for Guy Carpenter Bermuda. Previously, Manning was director, ICG/DCM at Deutsche Bank.

Jamie Welsby has also been appointed managing director. He was most recently principal at Logic Reinsurance Underwriting Management, which he co-founded. Prior to this, he was head of property reinsurance at RBC Reinsurance in Toronto.

John Duda has been appointed assistant vice president, reinsurance underwriter. He most recently served as a portfolio manager for Logic Reinsurance in Toronto. His experience also includes roles at Benfield (then Aon Benfield) and Guy Carpenter, working in the Canadian and advisory teams.

Jed Rhoads, president and chief underwriting officer, property reinsurance for Markel Re, said: "We are very pleased to be adding Erik, Jamie and John to our Bermuda leadership team. They bring a wealth of knowledge and experience in the managed third party capital property reinsurance business that will be an asset to us as we seek to expand our presence in that marketplace.

“They will enhance our analytical capabilities and help develop a broader product offering, as well as assist with fundraising and the servicing of our clients, brokers, and investors. Their activities will not be limited to the assumed retrocessional reinsurance we write on Markel paper and New Point, our eight year old special purpose insurance vehicle.

"Erik, Jamie and John will bolster our existing managed cat and retro team located in Bermuda that currently comprises Andrew 'Barney' Barnard, Crystal Doughty and Elena Marshall. We are committed to the retrocessional market and growing our managed third party capital business."

More on this story

17 August 2023   The new hire boasts experience in Bermuda reinsurance industry.
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3 January 2023   An imbalance in supply and demand in property-cat was one feature of the renewal.