Monument splits Group CUO and CFO roles

Monument Re has announced that Alex Brogden has assumed the role of group chief underwriting officer (GCUO) and Carlo Elsinghorst has been appointed as group chief financial officer (GCFO).

Manfred Maske, the group's chief executive officer, said the appointments recognise the “invaluable contributions” that Brogden and Elsinghorst have made to the Monument Group.

Brogden previously held the joint role of GCFO and GCUO, which have now been split to allow him to focus on the negotiation of successful outcomes for acquisitions, reinsurances and entry into new markets and new business opportunities, Maske said. The GCFO role will focus on the company’s financial and actuarial reporting, and operations, treasury, tax and capital management. Since joining the group as CEO Ireland, Elsinghorst has successfully led the Irish team through Irish acquisitions and the growing maturity of the organisation, Maske said. Elsinghorst has previously held the role of CFO in various organisations and his financial background and internal knowledge of the group will be beneficial in this role, Maske added.

Monument Re is a life reinsurance and insurance holding company with a presence in Bermuda, Ireland, Belgium, Luxembourg, the Isle of Man and Guernsey, with branches in Spain, Italy and Germany. It operates as a reinsurer and acquirer of European asset-intensive portfolios.