Schroders has announced that Stephan Ruoff has succeeded Dirk Lohmann as head of Schroder Secquaero, an insurance-linked securities (ILS) business within Schroder Investment Management Switzerland) AG.
Ruoff was appointed deputy head of Schroder Secquaero as Dirk’s designated successor in November 2019 has assumed the new role this month, as planned.
He brings extensive underwriting and senior management experience as well a deep knowledge of the alternative and capital market for reinsurance, having previously served as CEO of Tokio Millenium Re, which acted as a service provider for many ILS managers.
Additionally, Lohmann will remain with the firm in a newly created position of chairman
In this capacity, he will continue to support the team, serve as a member of the investment committee, and focus on new business opportunities and strategic ventures.
Georg Wunderlin, global head of private assets said: “Under Dirk’s leadership Schroder Secquaero has grown to become a significant player in insurance-linked investment markets. It is a key priority of our strategy to continue to build out our market position in this space. With Dirk as Chairman and Stephan as Head of Schroder Secquaero we can pride ourselves on a leadership team which boasts unique experience in the ILS marketplace. I wish them the best of luck for their new positions.”
Dirk Lohmann, chairman of Schroder Secquaero commented: “I wish Stephan all the best as my successor. I am confident that he will take Schroder Secquaero to the next level as we develop new insurance-linked investment solutions and products for our client base. I look forward to my new role as Chairman and supporting Stephan and the team going forward.”
Stephan Ruoff, head of Schroder Secquaero said: “I am very pleased with the opportunity to assume the role as Head of Schroder Secquero and I am very thankful to Dirk for his leadership and guidance in the last few months, as well as his continued support for the organisation. I am also convinced that with the changes we have implemented we are well prepared for the next stage of growth.”