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Don Kramer is a legend in traditional reinsurance thanks to the multiple ventures he has founded and built over the years. Now, energised rather than perturbed by change, he is doing it all again—this time in the rapidly growing ILS space, as he explains to Intelligent ILS.
Industry veteran Don Kramer is looking a trifle forlorn. He should be fizzing with excitement; after all, his insurance linked securities (ILS) firm is booming and he is in London to officially open a new office that is expected to drum up even more business through its close proximity to Lloyd’s and the wider London Market.
It transpires that Kramer’s wife’s niece is embroiled in one of the most controversial events ever to hit the usually tranquil fairways of women’s golf. That professional golfer is Suzann Pettersen, a member of the Ladies European tour. Following an incident during the Solheim Cup in September, she was castigated in the press for failing to concede a putt during a match against one of her US opponents. Although it was more a matter of etiquette than anything else, the backlash was quite something and Pettersen apologised profusely for what happened.
Kramer feels for her. He thinks she made a mistake made in the heat of battle that was born of a desire to do what was best for the team. This empathetic approach is typical of the man who devotes a lot of his spare time to charitable causes, not least his alma mater, Brooklyn College in New York City, where he has been a trustee of the college foundation for more than three decades.
Kramer, ILS, Lloyd's, London Market