ABR Reinsurance Capital Holdings, the self-reinsurance vehicle jointly operated by Chubb and investment management firm Blackrock, has appointed Sean Ramlal as an Underwriting Director.
Ramlal joined ABR Re in November 2018 from QBE Reinsurance, where he served for the previous four years as Vice President, Treaty Underwriter.
At QBE Re, he was responsible for managing the company’s casualty and professional liability reinsurance team from his base in New York.
In his new role, Ramlal is based in Bermuda and is responsible for all aspects of underwriting the global reinsurance treaty portfolio at ABR Re, including actuarial pricing and contract review.
He is also tasked with reviewing all incoming claims notices and approving large loss reserves and claims payments, as well supporting Chief Risk Officer Melanie Ostiguy in managing per risk and aggregate risk exposures.
ABR Re was established by ACE prior to Chubb’s acquisition of the company, and was capitalised by third-party investors at launch, with $800 million of capital raised.
ABR Re only reinsures business from Chubb itself, helping the company to extract more margin out of the business it underwrites by self-reinsuring rather than ceding risks to the private market.
At the same time, the investment strategy used by Blackrock tries to make a higher return on investment than Chubb’s own investment strategy would normally allow for.
Prior to QBE Re, Ramlal worked for Allied World Re in New York as an actuary pricing casualty treaties.
He began his career in claims at Platinum Re (now Renaissance Re), and later joined CNA’s actuarial rotation program in Chicago as an analyst for its specialty lines reserving team and workers’ compensation pricing team.
