Price Forbes Re has appointed Sherman Power to the newly created role of executive vice president, Alternative Risk and Capital Solutions.
Power will be based in Dallas, Texas, and will report to Pat Rastiello, CEO of Price Forbes Re, North America. In his new role, he will work alongside the treaty reinsurance team to enhance the company’s capacity in growth capital and reserve covers for emerging insurance markets.
With nearly 30 years of experience in (re)insurance, Power brings a strong background in both underwriting and broking.
He joins from Aon Re, where he led the US structured solutions team and served as global head of innovation within Capital Advisory.
Previously, he led the Regional and Large Structured Solutions team for Swiss Re US and has held senior roles managing teams across multiple business classes.
Rastiello comments: “[Power]’s 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 adds: “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.”
