Sequant Re Teams With Baillargeon Services
Sequant Re, a Bermuda-based, global reinsurance company, announced that they have entered into an exclusive arrangement with Mr. Vic Baillargeon, a former Head of Structured Reinsurance at Aspen Insurance Ltd., Bermuda.
Mr. Baillargeon will work with the executive team in a Senior Underwriting Consultant role and assist in developing underwriting strategies and guidelines as the company builds its reinsurance portfolios.
Mr. Baillargeon’s appointment follows Sequant Re’s launch in December 2014. Sequant Re’s strategy involves combining Insurance-Linked Securities [“ILS”] and Bermuda’s unique segregated account structure to offer a flexible and highly efficient platform for the transfer and securitisation of insurance risks.
Guy Cloutier, CEO and Founder of Sequant Re says, “Vic brings a great depth of expertise and experience to Sequant Re. We will benefit from Vic’s insight and experience as we build our diversified portfolio of reinsurance risks.”
“I am delighted to be partnering with the team in their unique approach to developing reinsurance portfolios” said Mr. Baillargeon. “There are tremendous opportunities in the reinsurance space for properly selected and modelled risks to be securitised and brought to capital market investors.”
Mr. Baillargeon, an experienced reinsurance underwriter, has over 35 years of insurance and reinsurance experience, including 10 years in Bermuda as Head of Structured Reinsurance for Aspen Insurance Ltd., where he built a portfolio of $576 million Gross Written Premiums during that period.
Prior to coming to Bermuda, Mr. Baillargeon was Senior Vice President of PMA Reinsurance Company, a Philadelphia based company, and responsible for a portfolio of $425 million in assumed reinsurance.
He held the position of Vice President at CIGNA International, managing a portfolio of $160 million. He also held numerous broking and underwriting management roles prior to Cigna. His vast underwriting experience will be invaluable to Sequant Re as the company develops its diversified reinsurance portfolio.
Mr. Baillargeon holds a number of professional certifications, including a Chartered Property Casualty Underwriter designation, an Associate in Reinsurance and a Bachelor of Arts degree in History from the University of Massachusetts.
