Q-Re has announced the members and functional responsibilities of its newly recruited management. The company said that the team, which is led by Chief Executive Officer Gunther Saacke, was appointed to build Q-Re into a global multi-line reinsurer with a focus on specialty lines. Its members will be based in Doha (Qatar), Zurich, London and Bermuda.
Mr. Saacke said, “On behalf of the board of directors, I am pleased to announce the members and responsibilities of our management team. By appointing the chief underwriting officer, the chief risk officer, the chief actuary, and the line of business and regional executives, we have successfully put in place the core team which will be instrumental in establishing Q-Re as a truly global reinsurance franchise based on superior technical expertise. I consider it a privilege to work with this high-calibre group and welcome everyone to their new role.”
The appointees and their individual responsibilities are:
Willi Schuerch – chief underwriting officer: Willi Schuerch has more than 30 years of experience in non-life reinsurance. He started his career at Swiss Re and joined PartnerRe in 1993 where he served as chief underwriter, catastrophe, until 2008. In 2009, he helped to establish the reinsurance start-up, Novae Re. He serves as board member and chairman of the investment committee at Solidum Partners, an investment advisory company specialized in insurance-linked securities. Mr. Schuerch has mathematical and actuarial qualifications from the University of Zurich, and is a diploma holder of the Australian Insurance Institute.
Mark Cockroft – chief actuary: Mark Cockroft has almost 20 years of experience in general insurance actuarial work, primarily gathered at London market and international reinsurance operations such as GE Frankona and Endurance. He has covered pricing, reserving, and capital modeling for a variety of lines of business and firms. He also managed teams of actuaries. As well as publishing on pricing for long-tail reinsurance, he most recently chaired the Institute of Actuaries' working party researching the effects of periodic payment orders in the U.K. Mr. Cockroft holds a BA Hons (2:1) degree in mathematics from the University of Oxford.
Peter Frei – head of underwriting risk: Peter Frei has more than 20 years of experience in leadership positions in the insurance and reinsurance industry. His areas of expertise are underwriting, enterprise exposure management, major event loss reserving, retrocession, and model development. Following a career of 15 years at Winterthur Re and PartnerRe, Mr. Frei contributed to the establishment of the European catastrophe index provider, PERILS AG, in 2009. He received a special award from the Environmental Systems Research Institute for developing a geographic information system-based enterprise exposure management system and was involved in multidisciplinary loss assessment projects. Mr. Frei holds a Master's degree in civil engineering from the Swiss Federal Institute of Technology Zurich with specialization in earthquake engineering and is member of a number of professional associations (e.g., SIA, SGEB, SSA, EERI).
Peter Bitterlin – head of energy: Peter Bitterlin has over 25 years of underwriting experience in the property and energy lines of business. He started his underwriting career in the reinsurance department of the Baloise Insurance Company. In 1991, Mr. Bitterlin moved to Rhine Re, where he was heading up the facultative department. In 1997, he joined Winterthur Re as a senior underwriter specializing in energy and writing a worldwide account of oil and gas and utility risks. When the reinsurance book of the Winterthur Group was purchased by PartnerRe in 1999, he helped establish the two energy underwriting teams in Zurich and Paris. He left PartnerRe in 2009 to head up the global energy team of XL Insurance. Mr. Bitterlin has experience in writing large refining, petrochemical, and utility risks on a global basis. He joined Q-Re in September 2012. Mr. Bitterln's educational background includes two years of Commercial College of the Canton of Basel and three years of Business School at the Swiss Mercantile Society in Basel, Switzerland.
Alain Chiolero – head of property catastrophe: Alain Chiolero has over 12 years of experience in the reinsurance industry, having worked for one large multi-line reinsurer (Swiss Re), medium-sized reinsurers (PartnerRe, in its catastrophe unit, and Converium), smaller operations, including one start-up, and Bank Leu. During that time, he has gathered experience spanning pricing, underwriting, and acquisition of traditional business, modeling and management of large catastrophe portfolios, as well as investing in insurance-linked securities. He has a Ph.D. in theoretical physics and is a CFA Charterholder.
Patrick Cove – branch manager, Zurich, and head of aviation and marine: Patrick Cove has 20 years of experience in insurance and reinsurance specialty lines business. He started his career in 1993 in the marine department of the Terra Nova Insurance Company in the London company market. After periods at Lloyd's and in Bermuda, he switched from insurance to reinsurance in 2001, when he joined Global Aerospace Underwriting Managers in the outwards reinsurance department. He joined XL Re in 2004, where he served as senior aviation underwriter until 2013. Since 2009, he was global line of business head for aviation reinsurance business at XL Re. This period was marked by various industry awards and achievements, including three consecutive wins at the Reactions London Market Awards in the category “Reinsurance Company Team of the Year – Underwriting Aviation,” in 2010, 2011, and 2012. Mr. Cove has economics qualifications from the University of Bath and associate status with the UK Chartered Insurance Institute.
Manfred Dennler – head of property risk: Manfred Dennler has over 30 years of experience in the reinsurance industry. He started his career at Union Re. In 2000, he became chief underwriting officer, reinsurance, and in 2007 head of inward reinsurance at Helvetia Insurance Company. In 2009, he joined a newly established reinsurance operation in the Lloyd's market and oversaw the worldwide development of the property per risk portfolio.
Johannes Goebel – head of engineering: Johannes Goebel has more than 20 years of experience in insurance and reinsurance. He has managed teams of underwriters across continents and has worked in Asia as well as in Europe. He has built portfolios of business focused on engineering classes and consistently made valuable contributions to product development in the sector. Mr. Goebel holds a Master's degree in semi-conductor physics.
Stefano Lorenzini – head of credit and surety: Stefano Lorenzini has more than 20 years of experience in the credit and surety industry, working for large and medium-sized reinsurance companies in various markets. Before joining a Lloyd's Syndicate in 2010, he held underwriting and management positions at Swiss Re, including territorial responsibilities for Europe and Asia. Prior to joining Swiss Re, he worked at DG Bank in commercial banking and at Credit Suisse in export finance. He holds a Bachelor of Science degree in business administration.
Luke Roden – underwriting manager North America and branch manager, Bermuda: Luke Roden is an experienced senior underwriter and underwriting manager for property classes. He has developed and maintained large portfolios of short tail business. Having started in the market in 1992, he has gained experience with short tail treaty lines (Cat XL, Pro-rata, Risk XL and Retro XL), high-level aviation, and marine XL. He has worked in the U.K. (Lloyd's and Company Market), U.S., Bermuda, and Republic of Ireland reinsurance markets. He is proficient with AIR and RMS (ALM & DLM) modeling software and has presented a series of lectures at the C.I.I. College of Insurance, London. Mr. Roden joined Q-Re in June 2012.
Karl Schneider – head of agriculture: Karl J. Schneider started his reinsurance career 28 years ago with Munich Re. He has built agriculture underwriting teams and trained numerous underwriters. He holds a Ph.D. in agricultural policy from the University of Hohenheim.
Alan Tomlinson – head of London representative office: Alan Tomlinson has been involved in reinsurance for over 35 years, specializing in motor and liability reinsurance for more than 25 of those years. He joined Q-Re in October 2012 and heads the London-based representative office. Mr. Tomlinson qualified as a fellow of the Chartered Insurance Institute in 1981 and as a Chartered Insurer in 1989.
RobLee Womack – underwriting manager for North America: RobLee Womack, Jr., began his professional career almost 30 years ago as a primary insurance underwriter in personal, commercial, and auto business classes. After moving to reinsurance, he underwrote professional liability, long-tail casualty lines, and property risk and catastrophe at companies such as CNA (Chicago) and CNA (U.K.). For the past 20 years, his focus has been on leading and building teams of underwriters for short-tail property lines, while assisting in the development and build out of a number of Bermuda start-ups. He joined Q-Re in June 2012. Mr. Womack graduated from the University of North Texas with a degree in Finance.

