Wilmington Trust adds to insurance collateral solutions team

Wilmington Trust has appointed Michael Ramsey as a client development officer for its insurance collateral solutions team, part of the company’s global capital markets division.

Ramsey will be responsible for further developing the corporate large deductible trust business domestically, as well as the corporate captive trust business globally. He will assist on the reinsurance, retrocession, CAT bond, and insurance linked securities businesses. He will be based out of Wilmington Trust’s SoHo New York City office.

Prior to joining Wilmington Trust, Ramsey was a business development officer for Wells Fargo’s Collateral Trust Division, responsible for sales of insurance trust product in the US, Europe, Bermuda, the Caribbean, and the Pacific Rim.

“Having worked with Mike for years at a prior trustee, I am supremely confident in both his knowledge of the industry and ability to create value for his clients,” said Robert Quinn, head of client development for the Insurance Collateral Solutions team at Wilmington Trust.

Todd Winchel, product leader for Wilmington Trust’s insurance collateral solutions team, added: “He is a welcome addition to our team. Mike is one of the rare insurance trust professionals that understand both the trust concept, as well as the nature of the business driving the need for collateral. He understands all of the moving parts.”

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