Elementum promotes Lynette Pirilla Walter, hires John Drnek from RenRe

Elementum promotes Lynette Pirilla Walter, hires John Drnek from RenRe

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has actually announced the promotion of Lynette Pirilla Walter to Chief Legal Officer of the possession manager and the hiring of John Drnek of RenaissanceRes as General Counsel for its Bermuda operation.Lynette Pirilla Walter has worked at Elementum Advisors since 2014, first as outside counsel and after that internal start in 2019. She now takes on the Chief Legal Officer position for the ILS fund manager.
Shes viewed as an expert in collateralized insurance and reinsurance products, disaster bonds and other insurance-linked securities and related investment vehicles.
Walter has provided input into Elementums investment structuring and review process throughout her time with the company.
She has likewise helped with the develop out of the firms legal and compliance functions.
Prior to signing up with Elementum, Walter practiced at law office Sidley Austin, LLP, focusing on a variety of business securities and regulatory matters, mainly in the insurance and monetary services industries.
Elementum has actually also revealed the hiring of John Drnek as General Counsel, Elementum (Bermuda) Ltd., a position he will inhabit from mid-April.
Drnek signs up with from his most recent position as SVP and Legal Counsel at Bermuda based reinsurance company RenaissanceRe.
He has actually worked at RenRe for simply over 2 years, providing counsel on legal, compliance and regulative matters.
Prior to his time at RenRe, Drnek worked at Tokio Millennium Re overseeing operations in Bermuda, and also held functions at law practice Mayer Brown, Hogan Lovells and Cadwalader in New York.
The pair of legal professionals will work together, alongside the Elementum management group, to make tactical enhancements to the ILS supervisors product and services technique, assisting it to navigate the regulatory landscape and ensuring it is well placed to serve its financiers.
Elementum has actually bolstered its ILS operations in recent months with a variety of hires, not least the addition of Todor Todorov in a business development and financier relations role.
The company also added Shabnam Ahmed as Senior Vice President, Underwriting in its Bermuda office in October 2020.
Elementum Advisors likewise announced a brand-new, greater danger and return ILS mutual fund method focused on retrocessional reinsurance in January.
The business reached $4.4 billion in ILS assets under management at the end of 2020, according to the current data in our Insurance-Linked Securities Investment Managers & & Funds Directory.

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