John W. Rollins, a consultant actuary with experience in both insurance-linked securities (ILS) and traditional reinsurance gained through a distinguished career, is to join Florida primary insurance carrier Olympus Insurance Company as its new CFO.
Rollins had previously been the Chief Risk Officer of Florida’s Citizens Property Insurance Corporation, a role that saw him co-managing a $4 billion program of reinsurance and catastrophe bonds.
In his time at Florida Citizens, Rollins worked on the placement of the largest catastrophe bond every issued, the $1.5 billion Everglades Re Ltd. (Series 2014-1) transaction.
Rollins joins Olympus on October 19th as its CFO, bringing 30 years of property-casualty actuarial experience, the last 21 years of which has been in the Florida market.
Most recently, Rollins worked as a Principal and Consulting Actuary at Milliman, Inc., helping them establish a Property & Casualty office in Tampa, Florida as they targeted the coastal carrier marketplace.
His experience in reinsurance program construction, alongside his actuarial and broader financial expertise will benefit Olympus as it seeks to grow in the wind-exposed Florida marketplace and beyond.
Olympus is part of the Gemini Financial Holdings Corporation.
“The Gemini Board continues to add to their portfolio of executive talent, and I couldn’t be happier to be joining Steve Bitar and the other top managers in the drive to implement their vision. The catastrophe-exposed and litigious Floridaproperty insurance market is not for everyone, but success requires attacking these short-term challenges while looking forward, toward ensuring the future of a state that is rapidly attracting new residents and growing its economy,” Rollins commented.
“John Rollins is a powerhouse in the Florida insurance market, and I am excited to bring his unique qualifications and experience to the Olympus team. Our industry is facing challenges at every turn and the key to overcoming these challenges is having the ability to rely on the bench strength of a strong and experienced leadership team. Olympus stands ready,” Steve Bitar said, the CEO of GFHC and Olympus since April 2020.