Nick Hughes, PartnerRe
PartnerRe has appointed Nicholas Hughes as head of retrocession.
Hughes was previously head of global catastrophe at PartnerRe, responsible for assumed retrocession and the global accounts portfolio. He joined the company in 2008, specialising in US, international and retro catastrophe underwriting and portfolio management.
In his new role he is responsible for leading PartnerRe’s strengthened retrocession team as part of its strategic growth plan for global catastrophe. He is based in PartnerRe’s Bermuda office and continues to report to Greg Haft, chief executive of global catastrophe.
Meanwhile, PartnerRe also hired Aaron Coates and Guy Hengesbaugh to the retrocession team as assumed retrocession underwriters. They take up their posts on November 7, 2020, and October 1, 2020, respectively.
Coates joins from Twelve Capital, most recently as executive director, ILS sourcing, responsible for developing the underwriting strategy within the retro market and delivery of profitable private ILS investment portfolios to third-party investors.
Hengesbaugh joins on a consultancy basis and brings over 35 years of reinsurance experience, and more than 26 years in the Bermuda market. He was most recently managing director at Guy Carpenter Bermuda, focusing on reinsurance and retrocessional business for Bermuda and US clients.
Both are based in Bermuda, with Coates to relocate to the island, subject to immigration approval. Both will report to Hughes, as will Mark Mitchell, who already works as senior underwriter in the retrocession team.
PartnerRe, Nicholas Hughes, Aaron Coates, Guy Hengesbaugh, Mark Mitchell, Greg Haft