AIG Bermuda chief risk officer joins Langhorne Re

Life reinsurer Langhorne Re has appointed Timothy Gasaatura as chief actuary of Langhorne Re Bermuda.

Gasaatura most recently served as chief risk officer of AIG Bermuda/Fortitude Re, where he was responsible for managing risk on an enterprise-wide basis. This included the integration of risk concepts into strategic planning, and risk identification and mitigation activities.

Prior to that, he was a senior actuary and risk officer at Transamerica in Bermuda. He has also worked as a senior consultant with Deloitte in Connecticut.

Langhorne Re was launched in January 2018 by Reinsurance Group of America (RGA) and RenaissanceRe. It targets large, in-force life and annuity blocks. The vehicle is funded with capital commitments from RGA and RenaissanceRe and other third-party pension fund and life insurers.