A corporate actuary turned underwriting chief is the latest addition to InEvo Re’s leadership team. The Bermuda-based life reinsurer, backed by Macquarie Asset Management, has appointed Alex Brogden as chief underwriting officer. Brogden joins from Monument Re Group, where he spent four years as group chief underwriting officer.
He first joined Monument Re in 2017 as group chief financial officer before moving into the underwriting role. Prior to that, he spent six years as a corporate actuary at Phoenix Group. He also held positions at Swiss Re and WTW, spending approximately three years at each firm.
His early impressions of the new role were positive. “A few days in and it’s very impressive, even more than I was hoping for – the team is exceptional, and having Macquarie as shareholder provides a truly outstanding platform to build from,” Brogden said.
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He added that his focus will be on growth and client partnerships. “I’m looking forward to getting stuck in – growing the business, structuring innovative solutions and building strong, long-term partnerships with clients.”
InEvo Re officially launched on March 31, 2025, closing its first deal the same day. This transaction saw the company reinsure a UK insurer’s pension risk transfer liabilities, covering pensions in payment and deferred pensioners.
The company moved quickly to establish a foothold in the US market. In September 2025, InEvo Re signed a reinsurance agreement with a US-based life insurer covering approximately $1 billion of long-dated liabilities. Chairperson Tim Humphrey said the deal reflected the company’s ambition to scale and deliver products to life insurers and annuity providers globally.
InEvo Re closed a third transaction in December 2025 with a UK-based life insurer. The deal deepened its position in a pension risk transfer market that has become one of the most active corners of global life reinsurance.
Brogden steps into his new role as demand for pension risk transfer solutions climbs. WTW projects total volumes could reach around £70 billion in 2026, roughly 15% above already high 2025 levels. The bulk annuity segment alone is expected to exceed £50 billion, driven by larger deal sizes and favorable pricing.
For InEvo Re, which has built its book across both the UK and US in under two years, the timing of Brogden’s arrival appears deliberate.
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