Global Atlantic Appoints Alberto Autmezguine as CFO and Chief Actuary of its Bermuda Companies

Rhea-AI Summary

Global Atlantic Financial Group announced the appointment of Alberto Autmezguine as Managing Director, CFO, and Chief Actuary for its Bermuda operations. Autmezguine, with nearly 25 years in the insurance sector, previously held key roles at Oceanview Reinsurance and Prudential Financial. He will be pivotal in financial and actuarial strategy, reporting to Manu Sareen, President of Institutional Markets. This leadership change signals Global Atlantic's focus on strengthening its operations and enhancing its finance capabilities.

Positive

• Appointment of seasoned executive Alberto Autmezguine indicates potential for improved financial strategy and leadership.
• Autmezguine's extensive experience in the insurance and reinsurance industry may enhance operational performance.

Negative

• New leadership may lead to transitional challenges as the company adapts to Autmezguine's strategies.
• Concerns about continuity of existing strategies during the leadership change.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Global Atlantic Financial Group, a leading U.S.-focused annuity, life insurance and reinsurance company, today announced that it has appointed Alberto Autmezguine as Managing Director, Chief Financial Officer and Chief Actuary of its Bermuda companies business. Mr. Autmezguine will be responsible for all financial and actuarial strategy for the business. He will report to Manu Sareen, President of Global Atlantic’s Institutional Markets business.

“I’m thrilled to have Alberto supporting the continued growth and success of the Institutional business,” said Mr. Sareen. “His vast experience and deep industry knowledge will be invaluable to the team as we continue to invest in our Bermuda operations and develop best-in-class finance and actuarial capabilities.”

Mr. Autmezguine brings nearly 25 years of insurance and reinsurance industry experience to Global Atlantic. Most recently, he served as President and CEO at Oceanview Reinsurance and before that, as Head of Individual Annuity Valuation at Prudential Financial. Prior to Prudential, he spent more than 10 years at ACE Group in various roles including SVP, Chief Actuary and Treasurer. He received his bachelor’s degree in Actuarial Science from Concordia University.

“Global Atlantic has built a leading Institutional business, and I am honored to join the team. I’m looking forward to the opportunity ahead as we continue to build the business,” said Mr. Autmezguine.

About Global Atlantic
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).

Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries.

Reinsurance transactions are entered into by Global Atlantic Assurance Limited, Global Atlantic Re Limited, Commonwealth Annuity and Life Insurance Company or one of their affiliates. Reinsurance is placed, where required by applicable law, by Global Atlantic Risk Advisors, L.P., a licensed reinsurance intermediary and subsidiary of The Global Atlantic Financial Group LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211007005974/en/

ICR Inc.

GlobalAtlantic@icrinc.com

(203) 682-8268

Source: Global Atlantic Financial Group

FAQ

Who is Alberto Autmezguine in relation to KKR?

Alberto Autmezguine is the newly appointed Managing Director, CFO, and Chief Actuary at Global Atlantic, a subsidiary of KKR.

What are Alberto Autmezguine's past roles before joining Global Atlantic?

He previously served as President and CEO at Oceanview Reinsurance and held significant roles at Prudential Financial.

What impact could Alberto Autmezguine's appointment have on Global Atlantic?

His appointment may bring fresh perspectives and strengthen the company's financial strategy and actuarial capabilities.

When was Alberto Autmezguine appointed at Global Atlantic?

Alberto Autmezguine was appointed recently as part of Global Atlantic's efforts to bolster its leadership.