He will probably be answerable for increasing its reinsurance footprint
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 development methods, marking a major part 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 observe group. This initiative grew to turn out to be one of many largest MGA brokers in the USA.
In his new position, Rastiello is ready to collaborate intently with Nick Foden-Pattinson, the president of Ardonagh’s North American reinsurance division. Along with the Inver Re groups primarily based in Bermuda and London, they purpose to offer complete options that span a number of jurisdictions for his or her clientele.
Reporting on to Andrew Wallin, the CEO of Ardonagh Specialty, Rastiello will even be tasked with increasing the corporate’s US reinsurance footprint, spearheading strategic recruitment efforts, and driving enterprise improvement with key shoppers.
“The US is the most important and most vibrant reinsurance market on the earth. 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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