Treaty Reinsurance
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Chris Sitowski joins the carrier from Chubb North America.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO. -
Co-founders include former Lockton executive Bill Kost.
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A report by the reinsurance broker says that just over $3bn of insured losses occurred in Iowa.
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The former GL leader takes up a New York and Connecticut role.
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Liability account move is latest development in ongoing reinsurance buying overhaul.
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Former Markel underwriting executive Trevor Carvey will also be part of the leadership team.
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The carrier will use the proceeds of the offering for general corporate purposes.
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The executive said the market has had “a really poor stretch” of earnings.
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The changes move away from a management structure built around types of business.
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Former RenaissanceRe CEO and founder Jim Stanard looks set to pick up the reinsurance platform.
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The Bermuda carrier will be an initial investor in Griffin Highline.
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