Reinsurance News

Amynta appoints Global Head of Structured Solutions/Reinsurance

26th November 2019 - Author: Matt Sheehan

Amynta Group has announced the appointment of Scott Allan as Global Head of Warranty Structured Solutions/Reinsurance.

Prior to Amynta, Allan co-founded StatSure Financial and played a key role in the foundation of reinsurance platforms across industries seeking captive solutions.

Previously, he also founded Oceanus Reinsurance A.I. (later named Spencer Re), an international reinsurance company that targeted the automotive warranty sector

In his new role, Allan will be responsible for delivering structured solutions to Amynta’s customers and driving growth across the company’s warranty business.

“As we build on our scale and capabilities as a leading warranty administrator, I look forward to Scott building out our reinsurance and structured capabilities for our customers,” said Dennis Kane, Amynta EVP and CEO of Global Warranty.

“Scott’s experience and industry relationships position us well to build our current product offerings into a full suite of innovative solutions giving our customers optionality,” he added.

Allan brings a total of 28 years of reinsurance experience to Amynta, mostly focused on the automotive warranty sector.

His previous roles include positions Zurich Insurance Group (Universal Underwriters) heading up participatory reinsurance solutions and contingent compensation arrangements, as well as underwriting positions with Employers Reinsurance Corporation.

“I am extremely excited to become a part of Amynta, as we continue to grow and expand our footprint,” said Allan. “I look forward to supporting the partnership with the continued creation of cutting-edge solutions to expand Amynta’s position in the warranty space.”

Created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee businesses, Amynta Group provides protection products and services across the automotive consumer and specialty equipment markets via its subsidiary, Amynta Warranty.

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