He has additionally been named to board of Bermuda’s reinsurance affiliation
Bermuda-based Fortitude Re has introduced the promotion of Jamie Schmerer to the place of senior vp, enterprise threat.
In his new function, Schmerer will probably 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 perform to make sure its efficient integration.
Beforehand holding the place of senior vp, 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 follow, 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 not too long ago 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 stay up for working with my fellow administrators to advance advocacy and foster significant change each throughout the trade and the Bermuda neighborhood,” Schmerer stated, 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 follow.
“Jamie’s experience, coupled together with his observe report of success makes him a really perfect candidate for this function. Jamie’s appointment highlights our dedication to our team-mates’ development and alternative at Fortitude Re and is a testomony to our tradition and deep bench of expertise, of which we’re immensely proud,” Zhang stated.
Earlier this 12 months, 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 tutorial and social growth of Black male college students.
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