Victor Insurance Holdings has announced that it has appointed John Tarpey as leader of its US reinsurance operations.
As head of US reinsurance, Tarpey will be responsible for the Regional Treaty Services Corporation (RTSC) business that Victor acquired earlier this year. The business will be renamed Victor Reinsurance Managers. Both announcements take effect immediately.
Victor Reinsurance Managers currently underwrites three reinsurance facilities for small to mid-sized US-based insurers that are mainly writing personal lines, small agriculture, and main street commercial business. Founded in 2003, Victor Reinsurance Managers is based in Newport, RI.
Tarpey joins Victor from Everest Reinsurance Company, where he most recently held the position of vice president, treaty casualty/multiple lines. He brings almost four decades of reinsurance experience to the role. He also succeeds John Pfautz, founder of RTSC, who is retiring from the business.
The new US reinsurance head will report to Victor CEO Brian Hanuschak.
"Since acquiring the RTSC business in April, we have completed its seamless integration into our US operations while further developing its long term value,” said Hanuschak. “John’s reinsurance experience and expertise will benefit both clients and colleagues as we seek to deliver sophisticated solutions to our clients and support their future growth through our advanced technology and innovative approach to matching risk, distribution, and access to capital.”
“Victor is committed to building on the strength of the Victor Reinsurance Managers business to create even greater value for reinsurers and cedents. I look forward to collaborating with my new colleagues at Victor to enhance our capabilities and offerings for small to midsize insurers,” commented Tarpey.