Price Forbes Re (PF Re) is pleased to announce the appointment of Sherman Power to the newly created role of Executive Vice President, Alternative Risk and Capital Solutions. Based in Dallas, Texas, he will report to Pat Rastiello, CEO Price Forbes Re, North America.
In his new role, Power will work closely with the treaty reinsurance team to provide growth capital and reserve covers in building PF Re’s reinsurance capacity for evolving and growing insurance markets. He brings almost three decades of experience in insurance and reinsurance, both in underwriting and broking, to PF Re.
Sherman joins from Aon Re, where he led the US structured solutions team and served as global head of innovation, Capital Advisory. Prior to that, he led the Regional & Large Structured Solutions team for Swiss Re US. He has also during his career held numerous senior roles and managed a variety of teams across multiple business classes.
Rastiello said: “I am delighted to welcome Sherman to Price Forbes Re. His appointment is indicative of the high calibre team we are building, bringing a wealth of leadership experience and considerable analytical expertise. We have a number of exciting opportunities in the US market and I very much look forward to working with him.”
Power commented: “I’m excited at the opportunity to work with Pat and the reinsurance team to leverage their many talents in further building Price Forbes Re’s US offering. The company has demonstrated impressive growth in recent years and, with some exciting opportunities in prospect, I look forward to contributing to its future success.”