Menu

Reinsurance News

Capsicum Re hires Steven Rance to lead new mortgage indemnity reinsurance unit

21st August 2017 - Author: Staff Writer

Specialist reinsurance broker Capsicum Re has announced Steven Rance, former JLT Group executive vice president, as head of a new mortgage indemnity reinsurance business division, with effect from February 2018.

Rance will report to Rupert Swallow, CEO of Capsicum Re, who welcomed Rance to his new role; “Capsicum Re is no longer an upstart start-up; it is now an established challenger with an enviable record of attracting the highest calibre talent, and Steve’s joining us is a testament to that fact.

“I do not believe there is anyone better placed to lead this division; it is a new venture for Capsicum Re, but a longstanding area of expertise for Steve, whose reputation and accomplishments thus far precede him.

“The mortgage indemnity reinsurance market is largely untapped and has a huge potential for growth, and we will work closely with our network to offer the broadest access to both capacity and capital. This is a great opportunity for us and I am delighted to welcome Steve to the team.”

With JLT Group, Rance led all aspects of the firms Global Mortgage Solutions since 2008 and established the UK’s first government-backed mortgage indemnity initiative, NewBuy.

RMS

Prior to his role at JLT, Rance was managing director at Radian Europe and Genworth Financial before this. In his early career, Rance worked for a number of top European banks, gaining experience in business strategy, affinity loans and the mortgage sector.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Collaboration needed to address growing terror threat

Australian Reinsurance Pool Corporation CEO Dr Chris Wallace highlighted the need for global collaboration and cooperation between the public-private sector...

Close