RAA roles for Jed Rhoads and John Doucette
Two Bermudian-based executives have been elected to the board of directors of the US reinsurance trade association.
The Reinsurance Association of America announced that Jed Rhoads, president and chief underwriting officer at Markel Global Re, has been elected as chairman.
Mr Rhoads first became chairman of the RAA last September after earlier serving as vice-chairman and as secretary-treasurer.
The RAA also announced that island-based executive John Doucette, president and CEO, Reinsurance, Everest Re Group, was elected secretary-treasurer of the RAA.
Brian Young, president and CEO of Odyssey Group, was elected vice-chairman.
The RAA said Mr Rhoads leads Markel’s treaty and facultative reinsurance business from offices located in the US, Bermuda, and the UK.
Mr Rhoads joined Markel in 2013, when the company acquired Alterra Capital Holdings Ltd in Bermuda.
Earlier, he held senior positions with Harbor Point Re, Chubb Re Bermuda, Overseas Partners Ltd Bermuda, and Stockton Re Ltd Bermuda – and with Sedgwick Re in Philadelphia.
His first job in the industry was with the Kemper Reinsurance Company in Long Grove, Illinois, in 1981.
Mr Rhoads is a graduate of Beloit College and the insurance executive development programme at The Wharton School at the University of Pennsylvania.
The RAA said Mr Doucette was previously chief underwriting officer of Everest Re Group, and prior to this, he was head of enterprise risk management for the Group, having joined the company in 2008 as executive vice president.
He worked at Max Re Capital Ltd, from 2000 to 2008, as president and chief underwriting officer of the P&C reinsurance division, where he was responsible for new products and geographic expansion.
Prior to that, Mr Doucette was an associate director at Swiss Re New Markets between 1997 and 2000, a division of Swiss Reinsurance Company, where he held various pricing, structuring and underwriting roles in connection with alternative risk transfer and structured products, the RAA said.
He worked at Tillinghast as a consultant from 1989 to 1997.
Mr Doucette graduated from Cornell University with a bachelor of science degree in statistics and biometry.
The election took place at the RAA’s 53rd annual general meeting.
The RAA is a trade association of property and casualty reinsurers doing business in the United States. The organisation said membership is diverse, including reinsurance underwriters and intermediaries licensed in the US and those that conduct business on a cross-border basis.
The RAA also has life reinsurance affiliates and insurance-linked securities fund managers and market participants that are engaged in the assumption of property/casualty risks.
The RAA said it represents its members before state, federal and international bodies.