Martello Re has announced the appointment of Michael Baumstein as Chief Investment Officer and Chief Financial Officer, with Virginia Perinelli and Alana Rathbun receiving promotions.
Baumstein holds three decades of reinsurance, banking, and private equity experience, having most recently served as Head of Private Equity & Real Assets at Barings as well as a Martello Re board member.
In his new role, Baumstein will be responsible for leadership of Martello Re’s investment and finance functions, supporting its current reinsurance agreements as well as building out the infrastructure to support future growth.
Michael will join Martello Re’s Executive Leadership Team, reporting to Chief Executive Officer, Dennis Ho, who said, “We are thrilled to have Mike join the team. His experience, expertise, and passion for the business will be a tremendous asset to our cedants and investors and helps to position Martello Re well for our long-term growth plans.”
Baumstein himself added, “I’ve enjoyed supporting the launch of Martello Re in my role at Barings and as a Board Member, and am now looking forward to working with the Management Team directly to help drive the company’s next phase of growth.”
In addition to Baumstein’s appointment, Alana Rathbun’s role has been expanded, and she is now Chief Governance, Risk, and Compliance Officer for Martello Re, while Virginia Perinelli has been promoted to Chief Strategy and Implementation Officer for Martello Re.
Both Alana and Virginia remain on Martello Re’s Executive Leadership Team and will continue to report to Dennis Ho, who noted, “Both Alana and Virginia have been with Martello Re since the company’s launch and have been key contributors to the build-out and growth of our platform.
“I look forward to continuing to work together with them to execute on our strategy of building a premier reinsurer to support the top insurers in the US asset-intensive life and annuity markets.”
