Brit Insurance, the international general insurance and reinsurance group, is pleased to announce that Alan Groves, Reinsurance Contracts Manager for its Reinsurance business unit, has been awarded the Chartered Insurance Institute’s Rutter Prize, one of the Institute’s highest accolades. The medal is awarded annually to the best new Fellow of the Chartered Insurance Institute (FCII).
Alan received his gold medal, along with a prizewinner’s cheque, at a ceremony held by the Insurance Institute of London (IIL) on 27th September.
A key element in the CII’s decision to award the medal to Alan was his fellowship dissertation, entitled “Capital Markets Convergence – Short Term Fix or Long Term Partnership?”. Exploring the development of Insurance Linked Securities, in particular the history of, and prospects for, the catastrophe bond market; it was considered by the CII to be an outstanding piece of work.
Alan has over 24 years of reinsurance experience and joined Brit Insurance in 2001 where in recent years he was integral to the team that developed Norton Re, a Bermuda-registered catastrophe retrocession insurer. It was during this time that he developed particular expertise in alternative capital structures. He completed his ACII in 2004.
Jonathan Turner, CEO of Brit Reinsurance, commented:
“To achieve FCII status is a major achievement in itself. This award is added recognition of the dedication and enthusiasm Alan brings to Brit Insurance and our industry. His technical knowledge and desire to stay one step ahead of industry trends make him a thoroughly deserving recipient of the Rutter Prize.”
Source : Brit Insurance Press Release
