PEMBROKE, Bermuda–(BUSINESS WIRE)–Somerset Reinsurance Ltd. (“Somerset”), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, is delighted to announce the appointment of Manisha Dias as Head of New Business Development with immediate effect. Ms. Dias will be based in Bermuda, reporting to Jeff Burt, Chairman and Chief Executive Officer of Somerset.
Ms. Dias will be responsible for leading all commercial activity for the business globally and overseeing policy for underwriting and pricing.
She joins Somerset from SCOR Global Life Reinsurance in Charlotte, North Carolina, where she was Head of Partnerships. She co-founded the Partnerships business, which encompassed the development of proprietary and digitally enabled Life product offerings and led various teams through the growth of the business in the U.S. market. She was previously at SCOR in Toronto, responsible for new business development and cultivating an innovation footprint for the Canadian market. Prior to SCOR, she held a number of traditional and non-traditional actuarial roles globally across Canada, the U.S. and Asia at John Hancock and Manulife.
“I am delighted that Manisha, such an experienced and successful client relationship manager, has chosen to join the Somerset Re team,” said Mr. Burt. “Manisha brings a deep track record of relationship building that is certain to expand our rapidly growing success in the U.S. and lead our expansion efforts around the globe.”
Added Ms. Dias, “I am beyond thrilled to join the world-class team at Somerset. 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.”
About Somerset Reinsurance Ltd.
Somerset Re is a leading provider of reinsurance solutions for life insurance and annuity business, helping its clients manage capital efficiency and improve their financial results. Somerset is rated #1 in Business Capability Index by NMG Consulting’s 2021 U.S. Structured Financial Solutions reinsurance study in the Portfolio Transfer Segment. Somerset Re solutions include programs for new business flow, management of legacy blocks of life insurance and annuities, and capital-motivated reinsurance solutions globally. For more information, please visit SomersetRe.com.