Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Markus Schmutz (ex-Swiss Re Capital Markets) joins Rewire as partner


Markus Schmutz has joined boutique insurance and reinsurance-linked securities (ILS) structuring and distribution firm Rewire Securities LLC as a Partner, bringing significant experience from his time at Swiss Re Capital Markets.

Schmutz most recently held a number of roles at reinsurance firm Swiss Re, including CEO of broker-dealer Swiss Re Capital Markets Corporation and derivatives carrier Swiss Re Risk Solutions Corporation as well as Managing Director, Head of Insurance-Linked Securities Structuring at Swiss Re Capital Markets in New York.

Schmutz has worked in and managed one of the largest teams origination and execution of ILS transactions such as catastrophe bonds since the early days of the market at Swiss Re. Rewire said that Schmutz’s appointment will “further enhance the platform’s analytical, advisory and structuring expertise.”

“We are extremely pleased to have someone of Markus’s caliber join Rewire. Markus will be instrumental in further developing Rewire’s underwriting analytics and related ILS products with a key focus on further integrating rewireconnect, our insurance risk transfer technology platform,” explained Stefano Sola, Co-founder and CEO of Rewire. “Markus’s appointment is a key addition to the team and as an accomplished leader in the ILS space will further strengthen our organization.”

Richard Pennay, Co-founder and President, added; “Markus’s deep and broad know-how of the capital markets on one side and underwriting and reinsurance on the other will be extremely valuable in future discussions with investors, insurers and reinsurance companies. Markus is likely the most experienced ILS structurer globally and his contribution to Rewire further solidifies our technical expertise in insurance capital markets.”

“I am excited to join Rewire, a company on the leading edge of insurance technology & syndication innovation. I look forward to working with our clients and continuing to further develop and expand the Rewire platform, making transaction structures and execution process more efficient for both sponsors and investors,” Schmutz said.

Rewire has had significant success since the firms launch in 2014, with the majority of the ILS markets main investors using its platform, a number of key transaction wins and catastrophe bonds structured and distributed.

Schmutz adds experience and contacts, both across ILS and reinsurance, which will help Rewire advance its goal of combining technology with structuring and distribution expertise to further integrate reinsurance and insurance-linked capital markets.

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