Fortitude Re names new SVP for enterprise threat

Bermuda-based Fortitude Re has introduced the promotion of Jamie Schmerer to the place of senior vice chairman, enterprise threat.

In his new function, Schmerer might be on the forefront of Fortitude Re’s enterprise threat administration framework. His duties will lengthen to main the corporate’s regulatory relations in Bermuda and supervising the operational threat operate to make sure its efficient integration.

Beforehand holding the place of senior vice chairman, head of inner audit at Fortitude Re, Schmerer has performed a key function throughout the firm since becoming a member of in 2019.

His profession earlier than Fortitude Re included a management place at KPMG Bermuda, the place he was key within the inner audit and threat consulting apply, providing recommendation to clientele throughout the insurance coverage, reinsurance, banking, and asset administration sectors.

Along with his function at Fortitude Re, Schmerer has additionally been just lately appointed to the board of the Affiliation of Bermuda Insurers and Reinsurers (ABIR).

“I’m honored to serve on the board of administrators for this group, which is important to the expansion and success of the reinsurance trade in Bermuda. I look ahead to working with my fellow administrators to advance advocacy and foster significant change each throughout the trade and the Bermuda neighborhood,” Schmerer mentioned, reflecting on his appointment to the board.

Ming Zhang, chief threat officer at Fortitude Re, commented on the promotion that’s set to bolster the agency’s enterprise threat apply.

“Jamie’s experience, coupled along with his observe file of success makes him an excellent candidate for this function. Jamie’s appointment highlights our dedication to our team-mates’ progress and alternative at Fortitude Re and is a testomony to our tradition and deep bench of expertise, of which we’re immensely proud,” Zhang mentioned.

Earlier this yr, the reinsurer additionally made strides in its charity efforts with a monetary contribution of $100,000 to the 100 Black Males of Center Tennessee, Inc., a notable non-profit centered on enhancing the academic and social improvement of Black male college students.

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