Specialty insurer AmWINS Group, Inc. has announced the appointment of Alex Kaplan from reinsurer Swiss Re as Executive Vice President (EVP) for Alternative Risk.
The appointment sees Kaplan lead a new strategy focused on the development of parametric insurance solutions and other bespoke forms of protection, on a stand-alone basis and also in conjunction with other traditional and non-traditional products for client risk transfer.
At the same time, he will have responsibility for the development of new products and capital sources for the specialty insurer, its retail customers and their clients.
Scott Purviance, Chief Executive Officer (CEO) of AmWINS, commented, “Alex has been at the forefront of understanding emerging risk needs and has an extensive history of creating innovative products, solutions and markets. His work has always focused on affordable ways of closing the gap between insured and uninsured loss, and we’re excited that he will be leveraging that global expertise in support of our retail brokers and their insureds.”
Kaplan joins following an 11 year spell with reinsurance giant Swiss Re, where he most recently served as Head of North America for the reinsurer’s Public Sector Solutions division. During this time, Kaplan supported the needs of governments and international financial institutions in managing their financial risks. This includes helping to establish the NFIP’s first engagement with the re/insurance sector to assisting with the creation of the first parametric insurance policy on a natural asset.
Kaplan said, “The industry faces an exciting juncture to help alleviate new challenges in an evolving risk landscape. The confluence of technology, data digitization and computational power today will enable the industry to address the risks of society in new and powerful ways. I’m thrilled to join AmWINS to apply and scale these solutions across their vast network and bring new value to our clients.”
