Hannover Life Reassurance Company of America (Hannover Re US), announces the appointment of Jeff Burt as President. In this role, he will be responsible for Hannover Re’s life and health reinsurance business in the United States.
Jeff joined Hannover Re US in 2003 as Vice President, Marketing with responsibilities for client relationships in traditional life reinsurance. Since 2009, Jeff has led the Financial Solutions business unit, delivering capital-oriented solutions across the company’s entire US portfolio including, term and permanent life, annuities, health and special risk businesses. Under his leadership, Hannover Re US has become an industry leader of structured solutions, having closed over 100 transactions providing a wide range of reinsurance and capital markets solutions including, block acquisitions, capital relief, embedded value securitizations, structured insurance risk and reinsurance M&A.
Since 2014, he has guided the expansion of Hannover Re US with the founding of Hannover Life Reassurance Company of America (Bermuda) Ltd., where he continues to serve as President and CEO.
“Jeff’s leadership, creativity and vision have been instrumental to the success and growth of our organization,” said Pete Schaefer, CEO of Hannover Re US. “In his new role as President, I’m confident that we will continue to deliver top-tier, value added innovative solutions to our clients across all business segments.”
About Hannover Re US
Hannover Life Reassurance Company of America (Hannover Re US), which is licensed and/or accredited in all 50 states, the District of Columbia, Puerto Rico and Guam, is the North American life and health reinsurance subsidiary of the Hannover Re Group. Hannover Re Group, with gross premium of more than EUR 19 billion, is the fourth-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with more than 3,300 staff and a network of more than 100 subsidiaries, branches and representative offices. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”). For more information, visit www.hannover-re.com.