29 September 2014News

Argo Re launches alternative reinsurance unit

Argo Re, the Bermuda-based subsidiary of Argo Group, has launched an alternative reinsurance unit.

Amit Shah, previously vice president of corporate reinsurance at Argo Group, will lead the unit. Shah will be responsible for developing innovative reinsurance solutions and structured deals for Argo Re clients.

Shah joined Argo Group in 2009 as a vice president, focused on ceded reinsurance for all operating entities within the company. Prior to joining Argo, he served as senior vice president, property catastrophe retro broking for Guy Carpenter. Earlier he served in actuarial roles at Swiss Re and KPMG.

“We recognise that the needs of our customers are constantly evolving,” said Argo Re president Matthew Wilken. “Keeping pace with that change to cater to those needs requires the ability to craft customised reinsurance solutions covering multiple lines of business over multiple years. We are delighted to welcome Amit to our team. His unique combination of actuarial skills, market knowledge and professional relationships make him the ideal person to lead this effort for Argo Re.”