Global asset management group Schroders has announced the hiring and appointment of ex-Tokio Millennium Re Group CEO Stephan Ruoff to its Schroder Secquaero ILS management unit.
Stephan Ruoff, a well-known figure in reinsurance and insurance-linked securities (ILS) market circles, will join the asset manager in November, taking on the newly created role of Deputy Head of Schroder Secquaero.
Schroder Secquaero is the recently installed name of the newly combined team managing ILS and reinsurance related strategies across the Schroders investment group.
Ruoff has long-standing and extensive underwriting and management experience in reinsurance, with a deep understanding of the ILS markets thanks to his time at Tokio Millennium Re during which the company became one of the leading fronting risk transformers for many ILS fund managers.
As a result, Ruoff has a deep understanding of the alternative capital markets role in reinsurance.
Andreas Markwalder, CEO Schroder Investment Management (Switzerland) AG, commented on the news, “The addition of a senior industry leader such as Stephan Ruoff to our team underlines Schroders commitment to being one of the leading institutional providers of investment solutions in the insurance linked solutions marketplace.”
Dirk Lohmann, Head of Schroder Secquaero, added, “I am pleased to welcome Stephan to the Schroder Secquaero team as my newly appointed Deputy.
“His knowledge and experience will help take Schroder Secquaero to the next level as we develop new insurance linked investment solutions and products for our client base.”
Ruoff worked for reinsurance firm Munich Re from 1997 to 2011, spending time in Taiwan, Paris and the firms head office.
He then moved to Tokio Millennium Re, initially leading its Zurich branch as CEO of Europe, then becoming Group CUO and finally Group CEO in 2015, after the reinsurer re-domiciled to Switzerland from Bermuda.