PEMBROKE, BERMUDA, June 18, 2021 – Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks, today announced that Marvin Pestcoe has retired and Andrew Markus has been promoted to succeed him as Chief Executive Officer of Langhorne Re Bermuda. As part of the transition, Mr. Pestcoe will remain on the Board of Directors of Langhorne Re Bermuda through the end of 2021.
Mr. Markus has also been elected to the Board of Directors of Langhorne Re Bermuda. He has been with Langhorne since its inception, serving as a consultant to the company in connection with its capital raise and then as Chief Operating Officer and General Counsel of Langhorne Holdings LLC and its Bermuda-based subsidiaries. Mr. Markus began his career at Willkie Farr & Gallagher LLP in New York and has spent over a decade in Bermuda, previously working in increasingly senior roles at RenaissanceRe Holdings Ltd. and Maritime Finance Company Ltd. Mr. Markus holds a J.D. from the University of Pennsylvania Law School and a B.A. from Tufts University.
Langhorne Holdings LLC, through its operating subsidiaries, is a global reinsurer targeting large in-force life and annuity blocks. The vehicle is funded with capital commitments from RGA and RenaissanceRe and other third-party pension fund and life insurance companies.
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.4 trillion of life reinsurance in force and assets of $84.8 billion as of March 31, 2021. Founded in 1973, RGA today is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the Company’s website at www.rgare.com.
RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.
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