Aurigen Capital, a provider of reinsurance to individual life insurance policies, has appointed Michael Pado in a newly created role as president and CEO of Aurigen's US operations.
Pado has more than 30 years of industry experience in the US life reinsurance market, including over 25 years working in leadership positions of US life reinsurance companies.
He will join join Aurigen from SCOR Group where he served as president and CEO of its US life reinsurance operations.
Aurigen Capital president and CEO Alan Ryder said Pado’s mandate will be to initiate and develop Aurigen’s life reinsurance business in the US in a manner that brings valuable capital and risk management solutions to the US life insurance industry.
Pado said that US life insurers are in need of the additional quality capacity and enduring solutions that Aurigen brings to the market.