Faries commented on signing up with Horseshoe, “I believe the ILS market has the ability, now more than ever, to make a significant impact on our societys growing and expanding threat landscape. Perez added, “I am pleased to have Kathleen sign up with Horseshoe and lead our international team of dedicated and talented ILS professionals. Horseshoe is well placed to understand the next phase of development and I am positive Kathleen will contribute significantly to it.”
Horseshoe, the Bermuda-headquartered insurance coverage or reinsurance management, fund administration and insurance-linked securities (ILS) expert and Artex business, has designated popular market executive Kathleen Faries as its new CEO.Andre Perez, the founder and current CEO of Horseshoe will handle a brand-new function of Executive Chairman, remaining associated with business as a crucial strategic advisor.
Perez developed the Horseshoe company into the marketplace leader for ILS service provision throughout a variety of activities, including having among the most respected improvement reinsurers in Horseshoe Re, then including ILS and reinsurance specific fund administration and maintenance, prior to leading the business into a strategic acquisition by AJGs Artex Risk Solutions.
Faries, who is based in Bermuda, will take on the CEO function from April 15th 2021 and will work closely with Perez through a brief shift period, after which Perez will step into his new Executive Chairman role where he will focus on tactical service opportunities and mergers & & acquisitions.
Faries is a really popular figure in the Bermuda reinsurance and worldwide insurance-linked securities (ILS) neighborhood, with over 30 years of experience in the market, throughout property and casualty broking, captives, underwriting and insurance coverage management.
Most just recently, Faries was the Head of Tokio Millennium Re AG (TMR), Bermuda, the reinsurance division of Tokio Marine.
In her time with that company, Faries also functioned as Chief Executive Officer of Tokio Solution Management Ltd., establishing an essential insurance-linked securities (ILS) focused operation that saw Tokio Millennium Re serving as one of the marketplaces largest transformer and fronting company to ILS funds and financiers, to name a few offerings.
Prior to joining the company, Faries held functions in broking in the Bermuda market, with Marsh and Crump International.
Faries is also a starting Director and the existing Chair of WeSpeak Bermuda, a non-profit concentrated on building female public speaking abilities and confidence. She is likewise serves on the Board of the Bermuda Insurance Institute (BII) and is a member and Chair of ILS Bermuda Ltd., host of the annual ILS Bermuda Convergence event.
Faries discussed joining Horseshoe, “I believe the ILS market has the ability, now more than ever, to make a significant effect on our societys growing and broadening risk landscape. I am thrilled to be signing up with the leading worldwide ILS company at such an amazing time in the industry. Having worked along with Andre in the ILS industry for several years, it is an opportunity to be in a position to take the baton from him and lead such a high- carrying out and vibrant organization into the future.”
Perez included, “I am happy to have Kathleen join Horseshoe and lead our global team of dedicated and gifted ILS specialists. Her incredible depth and breadth of market experience, along with her authentic leadership design, will be vital strengths as we continuously make every effort to include value to our clients and assist them be successful in this ever-changing environment. Horseshoe is well placed to understand the next phase of development and I am positive Kathleen will contribute considerably to it.”
” Positioning the company for the future, and ensuring a robust succession strategy, is a core objective at Artex,” Artex CEO Peter Mullen likewise said. “Andre has actually done a fantastic job integrating the Horseshoe and Artex ILS services and Im ecstatic about this next stage in our evolution as Kathleen shifts into the CEO function and takes us to the next level.”