AQR Capital Management has appointed Andrew Sterge as a vice president to lead its newly formed reinsurance group. Previously, he headed Magnetar Capital’s Bermuda-based reinsurance arm Pulsar Re Holdings.
The reinsurance strategy has a $250 million funding goal and will be capitalized by AQR and outside investors. London-based reinsurance underwriters Rick Montgomerie and Charlie Vaughan will also work along with Sterge.
Click here for the release from PR Newswire.