Ari Lindner, formerly of Munich Re Markets, has been named as the new Chief Executive Officer (CEO) of Converge US LLC, an onshore affiliate of Converge Re II, which is the Puerto Rico-based life and annuity reinsurance company owned by real estate development and investment firm, Lightstone.
In his new role, Lindner will oversee the operation of Converge US’ reinsurance servicing business and work to ensure that the entity achieves its strategic growth targets.
He takes on responsibility for helping Converge manage and expand its reinsurance portfolio and invested asset base to produce meaningful long-term income through creative and bespoke reinsurance solutions.
Lindner brings a wealth of industry experience to the role, having served in numerous senior leadership roles, including as Senior Vice President of the North America arm of Munich Re Markets. In this role, he led the development and growth of customized life and annuity reinsurance transactions.
He also spent 15 years at ACE Group where he was mainly responsible for building and leading their life reinsurance companies in Bermuda and the U.S.
Mitchell Hochberg, Chairman of the Board of Directors of Converge Re, commented: “With his vast industry experience and proven track record of successfully capitalizing and building reinsurance companies from the ground-up, Ari will be well positioned to make an immediate impact.
“We look forward to Ari’s leadership and Converge’s continued growth.”
Lindner added: “Lightstone’s unique value proposition has empowered it to become a recognized leader in real estate development and I have admired the company and its strategic investments for years.
“I am thrilled to be a part of expanding Converge’s footprint and fully realising its potential in the life and annuity reinsurance space.”