Bermudian legacy reinsurance company Fortitude Re has appointed Charles Kasmer as Chief Underwriting Officer, where he will be responsible for sourcing and pricing new non-US P&C run-off transactions for the Fortitude International Re (FIRL) entity.
He will also be assisting in the design and implementation of new products and structures, and expanding Fortitude Re’s P&C presence and capabilities in Bermuda, UK, the EU, and Asia.
Kasmer brings over 32 years of experience in the reinsurance and insurance industry, with extensive experience in the analysis and structuring of deals involving long tail lines of business, pricing, capital model building and reserving.
Prior to this new role, he has worked for Zurich Reinsurance Centre, Risk Capital Reinsurance Company, Aon, Employers Reinsurance Corporation, and Quanta Capital Holdings.
Prior to Fortitude Re, Charles spent 13 years at Catalina Group, most recently as the Group Chief Actuary.
A spokesman for the company commented: “We are thrilled to welcome Charles Kasmer as our Chief Underwriting Officer, P&C Reinsurance. Charles joins us from Catalina Group where he was most recently the Chief Actuary.
“He brings an impressive 32 years of reinsurance and insurance experience to Fortitude Re and will be an extremely valuable addition to our team.”