UnipolRe’s biggest team in Baden
UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, has sent its largest ever team to Baden-Baden this year as it looks to consolidate the healthy growth it has enjoyed in the region.
The contingent will include Thierry Pelgrin, who has joined the business as a senior underwriter for France; Germany, Austria and Switzerland; Belgium (French-speaking clients); Southern Europe; and Central and Eastern Europe, reporting to Simon Wigzell, underwriting manager.
Pelgrin joins from Sompo Canopius where he was leader of operations in continental Europe. Previously, he spent more than 10 years with Everest Re, where his last positions were member of the strategic committee for new business development (Europe) and treaty manager for casualty & motor business in Continental Europe.
Marco Sordoni, chief executive of UnipolRe, said the reinsurer’s biggest three markets are the UK, France and Germany and hiring Pelgrin, who speaks French and German, will help consolidate this growth.
He added that the reinsurer is gaining solid traction in the market by offering added value to clients. This is in the form of its telematics expertise—leveraged from its parent UnipolSai which is a global leader in this technology—and a new capital management tool it has developed and is offering to clients for free.
Smart Capital Management Solutions (SCMS) has been developed in recognition of the growing importance of capital optimisation within companies, especially since Solvency II came into force, and the increasing complexity of capital management strategies.
It is designed to empower reinsurance managers and buyers by helping them understand what effect their buying strategies will have on the internal capital models and overall risk profile of their companies, and taps into a gap in the market for such a product, according to the executive team behind its development.
Sordoni added that UnipolRe is also benefiting from the certainty clients have that it will not become part of another entity.
“It is owned by one of Italy’s largest insurers; it is core to our strategy and represents a good diversification play. We will not be part of consolidation,” he said.
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