Paul E. Dassenko - President & Chief Executive Officer
is an internationally recognized leader in the field of insurance run-off, restructuring, and reorganization.
has also been responsible for two start-ups in the insurance space, most recently RTU
Paul's runoff, restructuring and reorganization experience includes his
most recent position as President and CEO of Converium Reinsurance
(North America) and Converium Insurance
Following an increase in Converium's surplus by nearly $150m under Paul's leadership, the companies were sold to Berkshire Hathaway
in December of 2006.
Prior to Converium, Paul served as a Managing Director of GIO Insurance Limited (Australia) and started a run-off services company known as Cobalt Services Limited, offering run-off services for GIO's parent, AMP Ltd., as well as to third parties in the Australian market.
GIO's portfolio of run-off business was sold to ENSTAR Group Ltd
in 2008, following a competitve auction.
Paul's career in the insurance industry started as an underwriter at The Travelers and proceeded to underwriting and management at Swiss Re and Munich Re.
Following his departure from Munich Re in 1985, he started Tetris Group, Inc., a reinsurance intermediary based in San Francisco.
was sold to Marsh's
Guy Carpenter unit in the early 1990's.