Reardon leads new hires by SAC Re

THURSDAY, NOV. 1: SAC Re Ltd continues to build its team with four new hires.

The Category Four insurer was set up in July this year with $500 million in capital.

Kathleen Reardon has joined SAC Re as chief underwriting officer — Property, and will be responsible for establishing the Company’s property reinsurance business. 

Prior to joining SAC Re, Ms Reardon was Chief Underwriting Officer International at ACE Tempest Re Bermuda for seven years, where she was responsible for the international property reinsurance business. 

Ms Reardon, who began her career with ACE’s predecessor CIGNA P&C, has over 18 years of (re)insurance industry experience and is a Fellow of the Casualty Actuarial Society.

Tim Duffin has joined SAC Re as senior vice president, underwriter – property, reporting to Ms Reardon.  Mr. Duffin was most recently a property reinsurance underwriter for Platinum Underwriters Bermuda, Ltd, where he focused on U.S. property catastrophe reinsurance. 

Previously, Mr. Duffin was a reinsurance broker for Aon in London and Bermuda.

SAC Re’s finance team has been enhanced with the addition of Vanessa Hardy Pickering, who has joined as group controller, reporting to the Company’s CFO. 

Prior to joining SAC Re, Ms Hardy Pickering was senior vice president, controller for Ariel Re Bermuda Ltd.

Susan Smith joined SAC Re on October 1 as senior risk analyst, reporting to the Company’s Head of Risk and Analytics. Ms Smith was previously a senior risk analyst at Montpelier Reinsurance Holdings Ltd.

Simon Burton, SAC Re CEO, said in a press release: “We are delighted to have Kathleen on board to lead our property reinsurance team going into the January renewal season. Her strong analytical background and deep market knowledge will be instrumental in building our property reinsurance business. In addition, we could not be more pleased with the calibre of candidates seeking to join our team at all levels.  Tim, Vanessa and Susan each have deep experience in their roles and are terrific additions to the team.”