Rance joins Capsicum Re from JLT Group where he was executive vice president. Whilst there, he was the architect of NewBuy, the UK’s first government-backed mortgage indemnity initative. He has also led JLT Global Mortgage Solutions since its establishment in 2008, assuming responsibility for all aspects of profit & loss, strategy and international business development. Prior to his role at JLT, Rance was managing director at Radian Europe and Genworth Financial before this. In his early career, Rance worked for a number of top European banks, gaining experience in business strategy, affinity loans and the mortgage sector.
Swallow said: “Capsicum Re is no longer an upstart start-up; it is now an established challenger with an enviable record of attracting the highest calibre talent, and Steve’s joining us is a testament to that fact. I do not believe there is anyone better placed to lead this division; it is a new venture for Capsicum Re, but a longstanding area of expertise for Steve, whose reputation and accomplishments thus far precede him.
“The mortgage indemnity reinsurance market is largely untapped and has a huge potential for growth, and we will work closely with our network to offer the broadest access to both capacity and capital. This is a great opportunity for us and I am delighted to welcome Steve to the team.”
|
