Munich Reinsurance America Inc. appointed RUSS WENITSKY to run the newly formed Innovative Solutions team. Wenitsky, who joined Munich Re America in 2001 with 20 years of insurance and reinsurance experience, was most recently the head of business development and strategic solutions for the direct treaty division. Innovative Solutions is dedicated exclusively to developing and supporting innovation initiatives, and Wenitsky works with clients and brokers to develop and support new products and services.
Richard Schneider, an 11-year veteran of Swiss Re, was appointed office head of Swiss Brokers Mexico. He succeeds Carlos Boelsterli, who assumed the role of head of client management for Latin America. Mostrecently, Schneider served as the manager of facultative reinsurance for Mexico and Central America.
Towers Perrin, a global professional services firm, appointed Guy Hengesbaugh as managing principal of its Bermuda Reinsurance operation. He will coordinate Towers Perrin's client-focused efforts within the Bermuda market, including facilitating placement of business and offering risk financing guidance. Previously, Hengesbaugh was most recently president and CEO of Forterra Guarantee Ltd., a collateralized reinsurance vehicle for non-insurance investors in Bermuda.
Reinsurance intermediary Carvill promoted Steve Smith to president of Property Solutions for ReAdvisory, its analytical arm. ReAdvisory's Property Solutions provides dedicated support to both brokers and property and retrocessional clients, and Smith will lead a team whose primary focus will be Carvill's Hurricane Index. Smith joined Carvill in 2004 to lead the company's catastrophe modeling efforts.
(Read the rest of the first February People on the Move newsletter.)
February 13, 2008
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