Hannover Life Reassurance Company of America (Hannover Re US), a division of German-based reinsurance giant Hannover Re, has promoted Jeff Burt to President.
The appointment sees Burt take responsibility for the reinsurer’s life and health reinsurance operations in the U.S.
He first joined Hannover Re US roughly 16 years ago as Vice President of Marketing and, since 2009 has headed the company’s Financial Solutions division.
Since 2014, Burt has guided the expansion of Hannover Re’s L&H reinsurance business in the U.S. with the founding of Hannover Life Reassurance Company of America (Bermuda) Ltd., where he remains President and Chief Executive Officer (CEO).
Under his leadership, Hannover Re US has established itself as a prominent player in structured solutions, having now closed more than 100 transactions that cover a wide range of reinsurance and capital markets solutions.
Pete Schaefer, CEO of Hannover Re US, said: “Jeff’s leadership, creativity and vision have been instrumental to the success and growth of our organization. In his new role as President, I’m confident that we will continue to deliver top-tier, value added innovative solutions to our clients across all business segments.”
