Crosswinds Holdings Inc. has formed Crosswinds Re, a new specialty Cayman reinsurance company. Crosswinds Re has been issued a license from the Cayman Islands Monetary Authority (“CIMA”) to operate as a Class B(iii) reinsurer.
Crosswinds Re will act as a specialty reinsurer as part of Crosswinds' integrated insurance, reinsurance, and asset management structure with an initial focus on the Florida property and casualty market.
Crosswinds also appointed Paul Markey to serve as an independent director on the board of directors of Crosswinds Re.
Mr. Markey is the retired chairman of Aon's Bermuda-based insurance and reinsurance broking operation, Aon (Bermuda) Ltd, and the holding company Aon Group (Bermuda) Ltd. He has spent 21 years in Bermuda, joining Aon's Bermuda operations in 1994 with a mandate to implement a reinsurance broking strategy in Bermuda following the emergence of the Bermuda property catastrophe market in 1992 and 1993.
Mr. Markey worked for Aon for over 25 years, previously having been executive vice president in its New York City reinsurance broking operations.
Prior to joining Aon in 1989, Mr. Markey spent 10 years with Gen Re in both the U.S. and London. Mr. Markey started his career with a Lloyds syndicate in the 1970s.
Learn more: www.crosswindsinc.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].