USQRisk, part of Ryan Specialty’s alternative risk arm, has hired John Levy of Swiss Re, one of Europe’s four largest reinsurers, as global head of structured reinsurance.
USQRisk provides specialty re/insurance to corporate and re/insurer clients through its two core business units (Alternative Risks and Facilities, Structures, Price and Location) and develops innovative insurance programs to address unique risks and highly disrupted markets.
Levy joins the firm with more than three decades of insurance and reinsurance industry experience spanning actuarial, underwriting and brokerage aspects of domestic and international placements.
He joins from global reinsurer Swiss Re after approximately 11 years, most recently as Head of Structured Solutions for the US region. In this role, Levy’s team is responsible for the origination, execution and portfolio management of custom structured re/insurance solutions.
Parag Bavishi, Co-CEO and Chief Underwriting Officer of USQRisk, said: “We are pleased to welcome John as Global Head of Structural Reinsurance. John has a strong actuarial foundation and impressive leadership experience in underwriting structural reinsurance risks, earning the confidence of buyers and sellers across the specialty spectrum. With John leading this business vertical, we are well-positioned to further drive USQRisk’s global expansion as reinsurance intermediary manager for these complex and unique reinsurances. Additionally, John joins USQRisk Helps strengthen USQ’s position as a leading alternative risk transfer underwriter.”
“I look forward to becoming part of USQRisk’s team of experienced alternative risk transfer professionals and developing innovative, custom reinsurance solutions to meet the increasingly complex capital support needs of insurance companies. By bringing our rigorous structural expertise and thoughtful capital solutions to the market, we will create lasting value for our clients and further enhance USQRisk/Ryan Specialty I’m delighted to be a part of the brand’s position as a trusted, forward-thinking market leader and excited about the impact this platform will have on our customers and trading partners,” Levy added.
