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SOURCE Weisshorn Re AG
ZURICH, February 11, 2014 /PRNewswire/ --
Weisshorn Re AG announced today that it has elected Patrick Kelleher to the position of Chief Executive Officer and Delegate to the Board of Directors. Pat is an accomplished business leader with experience leading insurance and reinsurance businesses on an international scale, engineering changes and redesign to improve profitability and returns. He has strong product management, financial management and risk management experience across a range of life and non-life insurance businesses.
Weisshorn Re AG Chairman George Weiss commented, "We are thrilled to have someone of Pat's caliber leading our organization. In order to build a world-class reinsurance firm, we were committed to selecting a proven leader with deep knowledge in insurance, reinsurance and the broader capital markets. Pat is uniquely qualified to take on this critical role. He brings expertise and credibility to serve all of our constituents - clients, investors, regulators, rating agencies and our Weisshorn Re team."
In his most recent roles as President & CEO, US Life Insurance and President & CEO, Insurance and Wealth Management, Pat had overall responsibility for repositioning the US Life Companies, and overseeing the European Lifestyle Protection and Wealth Management businesses within Genworth Financial. Previously, he was Senior Vice-President and Chief Financial Officer of Genworth Financial. Before joining Genworth, Pat was Executive Vice-President and Chief Financial Officer, Transamerica Reinsurance. Prior, Pat was Vice-President, Reinsurance at Manulife Financial, with overall responsibility for leading the global life and financial reinsurance businesses. He also served as Vice-President and Chief Financial Officer for the Global Reinsurance Division at Manulife. In his earlier career, Pat worked at SunLife Financial.
Pat is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, and a member of the Certified General Accountants Association of Canada. Pat has a Bachelors Degree from Franklin & Marshall College.
Weisshorn Re AG is incorporated in Zurich Switzerland with a Bermuda Branch. The Company will provide reinsurance and capital management solutions to Life Insurance and Annuity insurers. License applications are pending final regulatory approval in Switzerland and Bermuda.