Kathleen Faries has been appointed as the new CEO of leading insurance-linked securities (ILS) specialist and fund administrator Horseshoe, a subsidiary of Artex Risk Solutions, with effect from 15 April 2021. She will be based in Bermuda and will work closely with Andre Perez, the founder and current CEO of Horseshoe.
According to Artex, following a short transition period, Mr Perez will assume the new role of chairman of Horseshoe, acting as an adviser to the business, with a focus on strategic business opportunities as well as mergers and acquisitions, while Ms Faries will assume full responsibilities as CEO of Horseshoe.
“Positioning the company for the future and ensuring a robust succession plan is a core objective at Artex,” said Artex CEO Peter Mullen. “Andre has done a great job combining the Horseshoe and Artex ILS businesses and I’m excited about this next phase in our evolution as Kathleen transitions into the CEO role and takes us to the next level.”
Ms Faries has more than 30 years of experience in the industry, across property and casualty broking, captives, underwriting and insurance management. She was most recently the head of Tokio Millennium Re, Bermuda. She also served as chief executive officer of Tokio Solution Management, where she led the expansion of its capital markets strategy.
Ms Faries said: “I believe the ILS industry has the ability, now more than ever, to make a significant impact on our society’s growing and expanding risk landscape. I am thrilled to be joining the leading global ILS service provider at such an exciting time in the industry. Having worked alongside Andre in the ILS industry for many years, it is a privilege to be in a position to take the baton from him and lead such a high-performing and dynamic organisation into the future.”
Mr Perez added: “I am delighted to have Kathleen join Horseshoe and lead our global team of talented and dedicated ILS professionals. Her tremendous depth and breadth of industry experience, along with her authentic leadership style, will be critical strengths as we continuously strive to add value to our clients and help them succeed in this ever-changing environment. Horseshoe is well positioned to realise the next stage of growth and I am confident Kathleen will contribute significantly to it.”