German reinsurance giant Hannover Re has appointed long-time employee Silke Sehm to its board, giving her responsibility for oversight of its insurance-linked securities (ILS) business.
The Supervisory Board of Hannover Re has appointed Silke Sehm as a full member of the reinsurers Executive Board with immediate effect.
Sehm takes on responsibility for structured reinsurance, insurance-linked securities, French-speaking and Nordic markets in Europe, Central and Eastern Europe and also the firms catastrophe reinsurance business.
Sehm is succeeding Jürgen Gräber, who passed away in November 2018.
She has worked at Hannover Re since 1996, having joined as a property and casualty underwriter, before moving to the Advanced Solutions area of the firm in 1998.
Since 2008 she has served as a Managing Director of Hannover Re, responsible for the oversight of all structured reinsurance business written by the Group with a premium volume of about EUR 2.6 billion.
“Silke Sehm joins us from within our own ranks and complements our Executive Board with her more than two decades of experience”, said Ulrich Wallin, Chief Executive Officer of Hannover Re. “Her expertise in our industry and in the field of structured reinsurance solutions will help to advance Hannover Re’s successful development.”
Sehm has also been heavily involved in Hannover Re’s retrocessions, with involvement in the K-Cessions sidecar and other ILS structures over the years.