Hannover Re appoints Jeff Burt as president of US unit

Hannover Life Reassurance Company of America, the US unit of German reinsurer Hannover Re, has appointed Jeff Burt as new president.

In this role, Burt will be responsible for Hannover Re’s life and health reinsurance business in the United States.

Since 2014, he has guided the expansion of Hannover Re US with the founding of Hannover Life Reassurance Company of America (Bermuda), where he continues to serve as president and CEO.

Burt joined Hannover Re US in 2003 as vice president, marketing with responsibilities for client relationships in traditional life reinsurance. Since 2009, he has led the financial solutions business unit, delivering capital-oriented solutions across the company’s US portfolio including, term and permanent life, annuities, health and special risk businesses.

Under his leadership, Hannover Re US is said to have closed over 100 transactions providing a range of reinsurance and capital markets solutions including, block acquisitions, capital relief, embedded value securitizations, structured insurance risk and reinsurance M&A.

“Jeff’s leadership, creativity and vision have been instrumental to the success and growth of our organization,” said Pete Schaefer, CEO of Hannover Re US. “In his new role as President, I’m confident that we will continue to deliver top-tier, value added innovative solutions to our clients across all business segments.”