Homeowners insurance provider Openly has announced the appointment of Anthony Landi as Head of Reinsurance and Capital Management.
He will lead Openly’s reinsurance division and scale up its internal catastrophe management program, reporting to Adriel Nunes, CFO of Openly.
Landi previously spent 10 years at Everest Re, where he most recently established and led the Office of Portfolio Management for the reinsurance division.
Before founding the Portfolio Management office, Landi held various lead underwriting & strategy roles across US property treaty reinsurance, worldwide D&F property reinsurance, and worldwide property retrocession.
“The addition of Anthony as our Head of Reinsurance and Capital Management demonstrates our continued focus on delivering value to our reinsurance partners and shareholders through strong underwriting execution and optimizing of our capital base,” said Nunes.
“Our unprecedented success within the independent insurance agent channel has been recognized across other facets of the insurance industry,” added Ty Harris, CEO of Openly.
“We have cultivated meaningful relationships with reinsurers in London, Bermuda, Cayman, and the US-relationships we see evolving alongside our business. To build upon this momentum, we are excited to welcome Anthony Landi as Head of Reinsurance and Capital Management. Anthony brings over 10 years of experience to Openly and will help us deepen our reinsurance relationships.”
Landi also commented: “Openly is using its deep traditional insurance and reinsurance expertise to create an operating model which will allow it to take in different forms of capital depending on where we are in the various market cycles.”
“We are pleased to announce the completion of our first significant Catastrophe Excess of Loss placement with a diverse panel of reinsurers across the London, Bermuda, and US marketplaces,” he continued.
“Each of these reinsurers have shown a proactive interest in our Company’s novel approach to insurance through the independent agent channel and have the ability to scale with Openly. We believe our strategic state entry plan, focused on diversification and the maintenance of appropriate volatility during a time of growth, will help us continue to secure critical reinsurance capacity.”
