Inver Re swoops for giant title from rival

Inver Re, the reinsurance brokerage division of Ardonagh Specialty, has introduced the appointment of Steven Rance (pictured above) to the newly established position of head of specialty London.

Rance, who might be working from London, will oversee a various portfolio that features credit score, marine, cyber, parametrics, motor, and group options. With a profession spanning 35 years, Rance brings a wealth of expertise to his new position.

He transitions to Inver Re from Gallagher Re, the place he served as managing companion and head of world mortgage. His intensive background additionally features a decade as head of world mortgage at JLT, together with important positions at Radian, a US mortgage insurer, as European managing director, and at Genworth, a mortgage insurance coverage specialist, as managing director for structured transactions.

“I used to be drawn to the Inver Re enterprise as its relationship to Ardonagh means it could leverage the dimensions of that enterprise whereas additionally specializing in bespoke and specialist work for its reinsurance purchasers,” Rance mentioned.

A key a part of Rance’s position will contain the institution of the specialty division and exploring development alternatives within the credit score sector, aiming to help homeownership, home development, and the enlargement of Inver Re’s credit score enterprise. He’ll straight report back to Jonathan Prinn, CEO of Inver Re London.

“Prior to now Steven has headed-up the UK’s first government-backed mortgage insurance coverage programme and led the event of mortgage insurance coverage schemes for housebuilders,” Prinn mentioned. “The ability he brings to Inver Re will massively help our development journey as we cement ourselves as a reinsurance dealer that actually gives one thing totally different to the market.”

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