Bermudian reinsurer Ariel Re has announced two key appointments to its senior management team, including Mike Pedraja as group Chief Financial Officer.
Pedraja, who previously served as Senior Vice President and Treasurer of Allstate, will be responsible for leading the finance function as well as capital management and investor relations.
He has over three decades of experience and started his career as an accountant before moving into investment banking.
Also joining Ariel Re is Tim Shreeve, who has been appointed Head of Platform Development.
He will be responsible for the further development and operation of Ariel Re’s underwriting platforms and joins from Nephila, where he was the Head of Platform Planning.
“I am delighted to welcome Mike and Tim to Ariel Re and look forward to working closely with them both. They are both seasoned leaders with strong expertise who enhance the overall strength of our team. It is a testament to the Ariel Re brand that we continue to attract such world class talent,” said CEO Ryan Mather.
“We have a well-established book of business, smart underwriting and market leading portfolio optimisation capabilities that have allowed us to develop strong relationships with brokers and clients in the key classes of business we write.
“Ariel Re has ambitions beyond being a market player. We want to focus on a few lines of business to become meaningful in those spaces,” he added.
“These strategic hires will enable Ariel Re to become a bigger, bolder player in the reinsurance industry and help fulfil our strategy for building a world-class manager of reinsurance risk.”
