Joseph Barrowclough has been appointed President of Bermuda Reinsurance for US insurance and investment company Prudential Financial Inc. (PFI), overseeing Gibraltar Re and Lotus Re.
Gibraltar Re and Lotus Re are reinsurance companies headquartered in Bermuda and wholly owned subsidiaries of PFI.
They act as an in-house reinsurer focused on managing the capital efficiency of affiliated Prudential businesses, specifically assuming the life and asset risk of the U.S. and Japanese pension and annuity businesses.
In his new role, Barroclough will focus on the continued building of the company’s Bermuda platform.
“We have an ambitious road ahead as we refine our capabilities and grow the business, and I’m lucky to have the support of a truly great team. I’m very much looking forward to the challenge and the journey ahead,” the executive said.
Barrowclough joined the Bermuda platform in 2023 after a tenure at PFI of nearly three years. During this time, he served as Chief Actuary and most recently as Chief Financial Officer.
Prior to joining PFI, the executive spent ten years at St. James’s Place Wealth Management in various positions.
