Management Team 2

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Management Team

Jeff Burt
Chairman of the Board and Chief Executive Officer

Prior to joining Somerset, Jeff was President of Hannover Life Reassurance Company of America and a member of the company’s Strategic Council. He joined the company in 2003 and led the company’s Financial Solutions business. Under his leadership, Hannover Re became an industry leader in the provision of structured reinsurance solutions, having closed over 100 transactions. Jeff guided the ongoing expansion of Hannover Re, with the founding in 2014 of Hannover Life Reassurance Company of America (Bermuda) Ltd., and in 2018 of its structured reinsurance affiliate Kubera Insurance (SAC) Ltd. He served as President and CEO of both companies. Prior to Hannover, Jeff held a number of actuarial roles at Penn Mutual Life.

Jeff earned a Bachelor’s Degree in Actuarial Science from Lebanon Valley College. He is a Fellow of the Society of Actuaries and Member of the American Academy of Actuaries.

Clark Jeffries
Chief Investment Officer

Clark joined Somerset Re from Bank of America where he was a Managing Director in the Financial Institutions Group within the Investment Banking Division. Clark was responsible for leading a variety of the firm’s relationships in the insurance and insurance services sectors and advised clients on many industry defining merger & acquisition and financing transactions.

Prior to joining Bank of America Clark was a Vice President in the Financial Institutions Group of Citi.

Clark majored in Finance at the University of Texas at Austin, graduating with a Bachelor of Business Administration with Honors.

Brian Holland
Chief Marketing Officer

Prior to co-founding Somerset Re, Brian was Senior Vice President of the Life Solutions Group at Willis Re, a team responsible for building Willis Re’s entry into the life and annuity reinsurance marketplace.

As Principal in the advisory firm Mann Conroy Eisenberg & Associates, Brian created risk management and securitization solutions for insurers, reinsurers, banks and large benefit plans.

Brian served as Executive Vice President and member of the Board of Directors at Annuity & Life Re America, developing the new U.S. life reinsurance operations.

Brian was Vice President, Domestic and International Risk Management at ING Re. Serving as Global Chief Marketing Officer, he also developed ING Re’s entry into the Bermuda and Japan markets.

Brian also held senior marketing and underwriting positions at Transamerica Re and General Re. He received his Bachelor of Science degree in Business Management /Marketing from Providence College.

Steeve Jean
Chief Actuary and Chief Risk Officer

Steeve joined Somerset Re in early 2017, after spending several years as a Principal with KPMG. He has over 30 years of experience in the insurance industry, working with international insurance groups and Big Four firms. Steeve has extensive experience with International Accounting Standards, reinsurance transactions, mergers and acquisitions, actuarial system implementations, stress testing and financial statement conversions.

Prior to KPMG, Steeve was a Vice-President at Transamerica where his responsibilities included financial reporting, capital management, acquisitions and reinsurance with financial oversight over international operations.

At Old Mutual, Steeve led a team responsible for both U.S. and Bermuda financial reporting.

Steeve spent several years at Ernst & Young where he led the delivery of large advisory projects. Steeve began his career with MetLife’s Canadian operations with a focus on financial management for both the group and individual life divisions.

Steeve is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries and a Member of the American Academy of Actuaries. He obtained his Bachelor’s degree in Applied Mathematics from the University of Sherbrooke.

Mike LeBoeuf

Michael LeBoeuf
Managing Director, Business Development

Michael LeBoeuf, Managing Director, Business Development Michael was previously Chief Executive Officer of the US operations arm of Converge Re II, a Puerto Rico domiciled reinsurance start-up. Prior, he served as Chief Actuary for Prudential’s individual life insurance business in Hartford, Connecticut. In this role, he was responsible for developing policyholder actuarial balances on a statutory/tax/GAAP basis, pricing the business product portfolio and balancing profitability standards, managing captive reinsurance entities and individual life reinsurance relationships, and developing strategies for modernizing controls and workflows. Michael has also served as a Senior Director with WillisTowersWatson, Chief Life Actuary with Hartford Life, Executive Director with Ernst &Young LLP, Vice President with Aon Consulting, an as Assistant Vice President with Chubb Life in New Hampshire, and began his career at MassMutual.

Michael is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Michael is an Honors graduate, with a Bachelor of Science degree in Mathematics from the University of New Hampshire

Steve Robb

Steve Robb
Chief Financial Officer

Stephen was previously EVP and Chief Financial Officer for AXA XL, the P&C and specialty risk division of AXA. In this role, he was responsible for all financial and actuarial matters, as well as the investment function of the company, and led a team of over 1,000 employees. In addition, he managed all Tax activities and Global Treasury functions to include capital, cash, FX, collateral, and liquidity management.

Steve joined XL as VP SEC Reporting in 2004 and progressively moved into positions of increasing responsibilities to include SVP Accounting Policy, Chief Accounting Officer and Group Controller, before being named CFO in March 2017. Prior, he was with PricewaterhouseCoopers in Bermuda as Senior Manager and Insurance Industry Group Leader, where he specialized in financial services, particularly insurance and reinsurance companies, with major clients to include ACE, Montpelier Re, Everest Re and White Mountains. Prior he was Manager and then Supervisor in their Insurance Group, and began his career with then Pricewaterhouse in Montreal 1994 as Senior Accountant.

Stephen graduated with a Bachelor of Science Degree in Neuroscience from McGill University.

Scott Selkirk
Chief Underwriting Officer

Scott was previously the Head of Pricing at Standard Life of Canada’s Bermuda Branch where he led the evaluation of all new reinsurance opportunities and was responsible for client relationship management.

As Vice President at ACE Tempest Life Re, Scott was involved in all aspects of new business including pricing, client relations and treaty negotiation, covering both variable annuity guarantee and traditional life reinsurance solutions.

Prior to relocating to Bermuda in 2007, Scott worked for New York Life, ING, and MetLife where he held various actuarial roles, mainly focused on product development, where he worked closely with distribution teams to bring innovative and sophisticated life insurance solutions to market.

Scott is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Scott graduated with a Bachelor of Arts degree in Statistics from Boston University.

 

Somerset Re Ltd.

 

3 Bermudiana Road,

Pembroke HM 08 Bermuda

 

Jeff Burt, Chairman of the Board and Chief Executive Officer

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Brian Holland, Chief Marketing Officer

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Clark Jeffries, Chief investment officer

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Steeve Jean, Chief Actuary and Chief Risk Officer

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Steve Robb, Chief Financial Officer

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Scott Selkirk, Chief Underwriting Officer

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Mike LeBoeuf , Managing Director, Business Development

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Disclosure

Somerset Re is incorporated in Bermuda and is licensed and regulated by the Bermuda Monetary Authority. The Company’s governance activities, including the meetings of its Board of Directors and major strategic decisions are conducted and taken in Ireland.

Bermuda Office
Office Address:
3 Bermudiana Road,
Pembroke HM 08 Bermuda
Telephone Numbers
Bermuda Telephone:
441-278-0770
Bermuda Fax:
441-278-0771
Email
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