The Association of Bermuda Insurers and Reinsurers (ABIR) has elected its officers for 2021-2022.
Marc Grandisson, CEO of Arch Capital Group has been elected Chair.
Hamilton CEO, Pina Albo becomes Deputy Chair while Christopher Schaper, CEO of AIG Re, will serve as Second Deputy Chair.
Past ABIR Chairs Albert Benchimol, President and CEO of Axis Capital; Kevin O’Donnell, President & CEO of RenaissanceRe Holdings and Stephen Catlin, Chairman and CEO of Convex also serve as ABIR officers.
Grandisson was promoted to Arch Chief Executive Officer in March 2018. He joined Arch Reinsurance in October 2001 as Chief Actuary and subsequently held various leadership roles throughout the organisation, including Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group for 10 years.
Pina Albo joined Hamilton as Chief Executive Officer in January 2018 and is the first female CEO to be elected an ABIR officer.
Albo began her career as a lawyer in Toronto, Canada. After practicing in real estate, corporate finance and M&A, she joined Munich Re as a claims expert.
Chris Schaper is the group CEO for AIG RE, the global reinsurance business of American International Group (AIG), which brings together the organisations of Validus Re, Alphacat and Talbot Treaty under one entity.
He joined AIG in 2019 and has over 30 years of re/insurance industry experience serving in both executive leadership and board roles during his career.
Grandisson said: “I’m energised to advance ABIR’s international mission and look forward to working with my fellow ABIR member companies to promote the Bermuda re/insurance market’s interests around the world.
“I’d like to thank past ABIR Chairs for their tremendous service in the public policy, education and advocacy for the Bermuda market. Bermuda is well positioned for the upcoming market opportunities around the world and ABIR will continue to advocate for open, well-regulated competitive insurance markets globally.”
John M. Huff, President and CEO of ABIR added: “ABIR continues its rich history of international leadership in re/insurance markets with the election of these global leaders.
“The Bermuda market is critical to manage the risk challenges of the future and provide economic stability to international economies. Addressing increasing climate, cyber, terrorism, political, credit, retirement security, catastrophe and speciality risks is the Bermuda market value proposition.”
