Somerset Reinsurance names head of new business development

Somerset Reinsurance names head of new business development | Insurance Business Australia

Reinsurance

Somerset Reinsurance names head of new business development

She will be responsible for steering the firm’s commercial strategies

Reinsurance

By
Kenneth Araullo

Somerset Reinsurance has announced the appointment of Manisha Dias as its head of new business development, effective immediately.

In her new role, Dias will lead the global commercial activities of Somerset, including overseeing policies for underwriting and pricing. Her responsibilities include steering the company’s commercial strategies and managing client relationships.

According to her LinkedIn, Dias joins Somerset from SCOR Global Life Reinsurance in Charlotte, North Carolina, where she served as head of partnerships. During her tenure at SCOR, she co-founded the partnerships business, focusing on the development of innovative and digitally enabled life product offerings. She successfully led multiple teams, contributing significantly to the business’s growth in the US market.

Before her role in Charlotte, Dias was involved in new business development and fostering innovation in the Canadian market while working for SCOR in Toronto. Her industry experience spans various actuarial positions globally, including in Canada, the US, and Asia, with renowned names like John Hancock and Manulife.

“I am beyond thrilled to join the world-class team at Somerset,” Dias said. “They have laid a strong foundation with their multi-faceted platform and reinsurance expertise to be able to solve clients’ challenges in unique and meaningful ways. I look forward to building on the recent growth and success of the organization and serving insurance partners worldwide.”

Based in Bermuda, Dias will report directly to Jeff Burt, chairman and chief executive officer of Somerset.

“I am delighted that Manisha, such an experienced and successful client relationship manager, has chosen to join the Somerset Re team,” Burt said. “Manisha brings a deep track record of relationship building that is certain to expand our rapidly growing success in the US and lead our expansion efforts around the globe.”

What are your thoughts on this story? Please feel free to share your comments below.