Resolution Life, a long-term manager of legacy life insurance portfolios, has appointed Nardeep Sangha as Chief Executive Officer (CEO) of New Markets.
Sangha assumes responsibility for sourcing new opportunities in reinsurance and life, with a particular focus on new risk markets and broader geographies including both Asia and Europe.
He joins from global reinsurer Swiss Re, where he has been Global Head of Life & Health Structured Solutions for just under 10 years.
Sangha began his insurance career at consultancy firm Watson and has also worked in capital markets at Sumitomo Bank and Deutsche Bank.
While at Deutsche Bank he was CEO and CIO of Abbey Life, and was on the board of Paternoster, the insurance company that targeted pension funds.
Sangha joins Resolution Life following its latest round of capital raising which saw the company raise c$1.6 billion of new equity.
He will be based in London and report to Sir Clive Cowdery, Resolution Founder and Executive Chairman of Resolution Life, and will join the group’s Executive Committee.
Cowdery commented: “Nardeep’s experience in insurance and capital markets will be valuable to Resolution Life as we expand our footprint.
“I look forward to welcoming Nardeep to the team and working closely with him as we help global insurers release capital and provide a safe long-term home for policyholders.”
Sangha added: “I am joining Resolution Life at an exciting time for the group and am thrilled to be joining a team that has pioneered change in the life insurance industry.
“By placing the in-force customer at the top of the priority list, Resolution Life serves the interests of both insurers and policyholders. The opportunity to do more transactions from its global platform is compelling.”