Swiss Re names Minter Head of Alternative Capital Partners (ACP) as Rüede departs

Swiss Re has appointed employee Chris Minter as the new Head of its Alternative Capital Partners (ACP) division, as incumbent to the position Philipp Rüede is departing the global reinsurance company.

Alternative Capital Partners (ACP) was founded in 2019, becoming the division that oversees all of Swiss Re’s activities with alternative capital investors, as well as in the catastrophe bond and insurance-linked securities (ILS) market.

Philipp Rüede, formerly Global Head P&C Structured Solutions at Swiss Re, took on the position as Head of the Alternative Capital Partners unit and has led its development since then.

Now, following 12 years at the company, Rüede is set to depart Swiss Re to pursue external opportunities, the reinsurance company explained.

A Swiss Re spokesperson told Artemis, “We would like to thank Philipp for his significant contribution to ACP’s success, and we wish him well in his future endeavours.”

Chris Minter, currently Head of Principal Investments & Acquisitions (PIA) at Swiss Re, will be taking over the Head of Alternative Capital Partners (ACP) role at the company.

“In addition to his 11 years at Swiss Re, Chris brings leadership experience from his prior roles at Deutsche Bank as Global Head of Private Equity and Global Head of Corporate Development, as well as extensive listed company Board experience,” the spokesperson told Artemis.

In his previous role at the reinsurer, Minter was responsible for the ongoing management of Swiss Re’s principal investments portfolio, as well as for acquisitions and divestments of strategic and financial holdings of the company.

Before he joined Swiss Re in 2013, Minter spent more than a decade at Deutsche Bank, in senior roles including as Global Head and CEO of DB Private Equity.

Prior to the investment bank, Minter worked at consultancy PwC, spending 7 years there helping insurance and banking clients.

During his career, Minter has also held a number of non-executive director positions at listed insurance and financial services firms around the globe.

Back at the end of May we reported that assets under management across the Alternative Capital Partners (ACP) division of Swiss Re had reached $5 billion at April 1st 2024, of which $3.4 billion was from third-party investors.

Activities under the ACP division at Swiss Re have expanded in recent years, with the launch of dedicated ILS fund management units, expansion of its risk-sharing partnerships through quota share reinsurance sidecar arrangements, and growing activity in catastrophe bond structuring, bookrunning and secondary market trading.