Run-off firm Marco bags expertise honed at Allianz

European P&C Run-off specialist  Marco Capital Holdings (Marco) has lured talent developed at Allianz and Axis Re to be its new group chief actuary.

Stefan Habereder takes up his new role at  Marco on August 1, 2022, and will be a member of the firm’s senior management.

Habereder is a qualified actuary and brings 26 years’ experience, mainly at senior level, gained at Allianz and Axis Re. During eleven years at Allianz, he held several important posts including head of global lines for Allianz Re, head of corporate actuarial at Allianz Global Risks and general manager, underwriting at Allianz Re in Ireland.

In his 15 years at Axis Re, he was a member of the executive reinsurance leadership group and served as chief risk officer reinsurance and chief actuary Europe. He was also a member of the group’s Risk & Reinsurance Reserving Committees and chaired the Reinsurance Management Initiated Audit Committee.

With a wide breadth of experience and in-depth understanding of risk and the global re/insurance space, Habereder brings robust expertise across pricing, underwriting and portfolio risk. His experience in creative deal structuring solutions also takes in an understanding of deal implications on capital and strategy.

Simon Minshall, CEO of  Marco, said: “We are delighted to welcome Stefan to Marco at this crucial stage in the development of our business. Our core leadership is a small and senior team of highly experienced professionals and Stefan will lead our group actuarial team as well as leading on our outsourced actuarial resources. With a wide and solid base of experience across pricing, reserving, risk management and many other vital disciplines typical of a chief actuary, Stefan’s arrival will bring a valuable contribution to Marco’s in-house technical capabilities.”

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