Northern Reinsurance has appointed Amin Touahri (pictured above), a former executive at Munich Re, to support its growth in insurance-linked securities (ILS), capital solutions, and deal origination initiatives.
Touahri previously held the position of head of department at Hartford Steam Boiler (HSB), a subsidiary of Munich Re, where he oversaw the Specialty Re profit and loss operations. His responsibilities spanned client management, underwriting, and client operations.
Prior to his role at HSB, Touahri held several roles across Munich Re's North American and European operations. Munich Re is recognized as the world’s largest provider of reinsurance, primary insurance, and risk solutions.
In discussing his new role, Touahri expressed enthusiasm for contributing to Northern Re's development.
"I'm excited to join Northern Re, as opportunities to be part of building a de novo reinsurer don’t come around often. I've always had an entrepreneurial mindset, and seeing what the team has accomplished in such a short time is truly inspiring. I’m looking forward to contributing to the next phase of growth and helping achieve our ambitious goals,” Touahri said.
Northern Re co-founders and managing partners Anthony McKelvy and Peter McKelvy highlighted Touahri's addition as part of the company’s strategy to attract experienced professionals from global reinsurance firms.
“The experience that he brings will directly benefit our partners as we build towards institutionalizing Northern as a global reinsurer and leading manager of Casualty ILS,” they said.
Northern Re has secured $75 million in capital and operates as a modern reinsurance company with a focus on data-driven portfolios of property and casualty risk.
Meanwhile, Munich Re earlier this month announced the appointment of Christa Schwimmer as chief executive for its specialty reinsurance and Lloyd's and Bermuda operations.
Schwimmer, a 23-year veteran of Munich Re, steps into the role after serving as senior executive manager for the Lloyd’s and Bermuda businesses.
In her previous position, Schwimmer managed over US$1 billion in premiums across multiple business lines. Her responsibilities included developing Munich Re’s property and casualty reinsurance, cyber insurance, and specialty offerings for clients operating in the Lloyd’s and Bermuda markets.
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