Wilmington Trust has added another experienced insurance-linked securities (ILS) and reinsurance collateral expert to its growing team, as it puts an increasing focus on winning business from the ILS and collateralized reinsurance sector.
Having hired two from competitor Wells Fargo in November to kick-off a new focus on the ILS and reinsurance space, Wilmington Trust is now adding a third to grow the team further. The third hire brings significant experience and relationships in the reinsurance and ILS trust with him which should help the team to win new deals.
Robert Bilodeau has been hired by Wilmington Trust as senior relationship manager in its Insurance Collateral Solutions group. Bilodeau has worked in the insurance and reinsurance trust space for over ten years, and has extensive experience with insurance related collateral accounts. His experience spans transactions pertaining to international locations including Bermuda, London, France, Germany, Australia, New Zealand, the Cayman Islands, Guernsey, the Isle of Man, Luxembourg, and Switzerland.
Bilodeau was peviously relationship and product manager in the corporate trust division at Wells Fargo, before which he was team leader in the corporate trust area for Bank of New York, and corporate trust administrator for Citibank. So now this is three senior ILS and reinsurance collateral trust experts having jumped from Wells Fargo to Wilmington Trust.
“Rob will play a crucial role in trust agreement negotiations, due diligence acquisition, and administration of our client’s transactions,” commented Joe Nardi, head of Wilmington Trust’s Capital Markets Structured Finance group. “Combined with the recent hires of Robert Quinn and Todd Winchel, the addition of Rob to the Insurance Collateral Solutions team shows our dedication to the insurance trust market.”