London-based insurance-linked securities and reinsurance-linked investments manager Securis Investment Partners has announced the appointment of Martin Reith, founder and CEO of Ascot Underwriting, to a newly created role of Advisory Director.
Reith has more than 25 years’ experience across underwriting, management and leadership functions of insurance and reinsurance businesses. He was the Founder and CEO of Lloyd’s focused insurer Ascot Underwriting Limited which was instrumental in launching in 2001 with the support and backing of AIG. Under Reith’s leadership, Ascot became among the largest and highest performing insurance businesses in the Lloyd’s market, as well as having a network of overseas offices.
In the wide-ranging role of Advisory Director, Reith will provide help and advice to Securis in terms of business planning and strategic development, hold various board positions within the Securis group including at recently formed Securis ILS Management, Bermuda, provide oversight of internal procedures and risk management, assist with introductions to cedants, brokers and investors, and work on various special projects for the ILS specialist.
Rob Procter, CEO of Securis, commented on the appointment of Reith; “I am delighted that we have been able to attract someone of Martin’s obvious stature, experience and calibre to work with us at Securis as we further develop our ILS and reinsurance businesses. These are exciting times as ILS continues to exert a disruptive influence on the global reinsurance industry with implications for the way all businesses in the space are structured and capitalised. As Securis continues to grow, including development into new areas, we can only succeed if we strive to attract the best talent in the business to help take us to the next level. In Martin I am confident we have achieved exactly that.”
Martin Reith added; “I am very impressed with Securis. Since establishment the firm has delivered superior returns and grown steadily and successfully. As ILS funds have become a sustainable and important part of the global reinsurance landscape providing sophisticated capital and solutions, Securis is a beacon that shines bright. Rob, Espen and the Securis team have built a business with an enviable track record. I look forward to helping them identify and maximise opportunities and to assist shaping the strategic direction.”