RenaissanceRe expands Richards’ role to manage its Property Cat Assumed Retro portfolio

RenaissanceRe, the Bermuda headquartered reinsurance company and third-party capital manager, has announced the expansion of Adria Da Breo Richards’ role to include management of its Property Cat Assumed Retro portfolio, alongside her current role overseeing property catastrophe reinsurance portfolios for global clients.

Richards has worked at RenRe for 15 years, where she has served as Senior Vice President, Head of Global Clients and Director of Underwriting, Property for the past three years.

Now, she has been promoted to the position of Global Head of Property Catastrophe – Assumed Retrocessional & Global Clients at RenaissanceRe.

Throughout her time at the organisation, Richards has driven strategic, client-focused engagement across RenRe’s global property catastrophe reinsurance relationships.

In her expanded role RenRe has confirmed that Richards will be responsible for helping the company’s Assumed Retro clients solve their risk challenges.

As Richards is going to be leading RenRe’s assumed property catastrophe retrocession, it’s worth highlighting that RenaissanceRe shares some retrocessional risk with third-party capital investors in joint venture vehicles and insurance-linked securities (ILS) funds managed under its Capital Partners arm.

Prior to joining RenRe, Richards served as Associate, Investment Banking at Canaccord Genuity and Personal Banking Officer at Scotiabank.