Ardonagh Specialty names new CEO for North America reinsurance

Ardonagh Specialty has introduced the appointment of Patrick Rastiello (pictured above) because the CEO of its reinsurance operations in North America.

Rastiello brings a wealth of expertise to his new place, having beforehand served as CEO and president of Accredited, the place he efficiently expanded the corporate’s premium run fee to over $1.1 billion. His management at Accredited centered on underwriting and progress methods, marking a big section of improvement for the corporate.

Earlier than his tenure at Accredited, Rastiello spent 24 years at Aon Reinsurance, the place he was instrumental in founding the MGA follow group. This initiative grew to turn into one of many largest MGA brokers in america.

In his new function, Rastiello is about to collaborate carefully with Nick Foden-Pattinson, the president of Ardonagh’s North American reinsurance division. Along with the Inver Re groups based mostly in Bermuda and London, they intention to supply complete options that span a number of jurisdictions for his or her clientele.

Reporting on to Andrew Wallin, the CEO of Ardonagh Specialty, Rastiello may also be tasked with increasing the corporate’s US reinsurance footprint, spearheading strategic recruitment efforts, and driving enterprise improvement with key purchasers.

“The US is the biggest and most vibrant reinsurance market on the planet. Pat is a pioneer of reinsurance broking and underwriting, and we’re proud to have him main the cost,” Wallin mentioned.

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