Re Names Jack Nelson Chief Investment Officer
Re Names Jack Nelson
Chief Investment Officer
Re is excited to welcome Jack Nelson as chief investment officer.
Jack previously served as senior vice president and chief investment officer of Everest Re Group, Ltd., where he oversaw the group's investment portfolio from 2009 to 2021. Before joining Everest, he spent a decade with Wellington Management Company LLP as part of a team that specialized in managing assets for insurers. Earlier in his career, he served as a professor, teaching and conducting research in risk management and insurance.
Jack holds an undergraduate degree from the University of Utah and a doctorate from the University of Pennsylvania. He is certified as a Chartered Financial Analyst (CFA) and an Associate in Risk Management for Public Entities (ARM-P).
Jack’s Role at Re
As chief investment officer, Jack will lead the investment strategy for the cash and investment-grade assets backing the reinsurance obligations of Cover Re, Re’s reinsurance company. He will oversee how those assets are allocated and how liquidity and duration are managed against expected claims payments. He will also oversee the alignment of trust assets with collateral and regulatory requirements.
“In a fully collateralised model, how the trust assets are invested is as important to cedants as how we underwrite. Jack has run the investment portfolio of a global reinsurer, and he'll make sure the capital behind every Cover Re treaty is liquid, high quality and there when it's needed.”
— Karn Saroya, Re CEODisclosures
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