Inver Re, the reinsurance broking of The Ardonagh Group, has hired Guy Bowker, formerly of Enstar, to lead its entry into the legacy sector.
Bowker has been appointed to launch the reinsurance broker’s new Legacy Solutions proposition, which will support carriers looking to transfer books of liabilities to improve capital and solvency, or to manage claims and reserving issues.
In his new role, Bowker will operate within Inver Re Capital Advisors, which is headquartered in Bermuda. Inver Re says that this division advises clients on holistic solutions across equity, debt, structured and alternative capital solutions.
Previously, Bowker served as Chief Financial Officer (CFO) of run-off specialist Enstar. He brings two decades of experience to Inver Re, having also worked at Platinum Re, AIG, and Deloitte.
Commenting on his new role, Bowker said: “Legacy Solutions was the first item on at the Monte Carlo Rendez-Vous program this year and for good reason. The market is growing as the inflationary pressures on reserves prompt carriers to closely examine their liabilities. Thoughtful liability management is an imperative these days and is a regular conversation in all boardrooms; we can assist our clients to understand the opportunities and access this market.
“Inver Re has a real opportunity here. Working with colleagues across capital markets and reinsurance teams we have the agility to be joined up in crafting bespoke solutions for our clients.”
Steve Hearn, Chief Executive Officer (CEO) of Inver Re, said: “Guy is a renowned practitioner in this field and will be a huge asset to our clients and team. We’re very pleased that he’s chosen to join us at Inver Re as we continue to build a differentiated proposition that operates seamlessly across different product lines and territories.”
Inver Re was launched last year and now has 100 colleagues across London, Bermuda, and the U.S. The company highlights that the addition of legacy solutions’ capabilities is part of its “growing interdisciplinary approach to reinsurance broking”.
