Kuvare Life Re's President & CFO Appointed to BILTIR Board of Directors

The Royal Gazette, October 19, 2020

Bermuda International Long Term Insurers and Reinsurers has appointed Kevin Hovi to its board of directors.

Mr Hovi is chief financial officer of Kuvare Life Re Ltd. Prior to his role at Kuvare Life Re, he was CFO at Longitude Re. He previously worked at XL Catlin, most-recently as senior vice-president, senior portfolio manager.

“I’m excited to represent Kuvare among such a strong group of senior life industry professionals on the Biltir board and look forward to supporting the continued growth of the Bermuda life insurance and reinsurance sector,” Mr Hovi said.

“Kevin’s financial markets background and Bermuda insurance experience will serve as a valuable asset to the Biltir Board,” said Biltir Chair Sylvia Oliveira. “He has been a solid contributor on various Biltir committees over the years. We look forward to working with Kevin on the challenges and opportunities currently facing Bermuda’s life re/insurance sector.”

Biltir represents 65 long-term insurance, reinsurance and servicing companies in Bermuda who provide life and annuity products and employ 725 people on the island.

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Annuity and life insurance contracts are issued by United Life Insurance Company (69973), Cedar Rapids, IA and Guaranty Income Life Insurance Company (64238), Baton Rouge, LA. Lincoln Benefit Life Company (65595), Lincoln, NE does not currently issue new policies.  Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Annuity and life insurance products may not be available in all states. These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. This material should not be interpreted as a recommendation by United Life Insurance Company, Guaranty Income Life Insurance Company, or Lincoln Benefit Life Company. Please reach out to your financial professional if you have any questions about insurance products and their features.

The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an annuity.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Reinsurance contracts are entered into with Kuvare Life Re Ltd., Hamilton, Bermuda. Not all reinsurance products or structures offered are available in all jurisdictions. Reinsurers may not be licensed in all states. All transactions are subject to meeting a reinsurer’s underwriting requirements. Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds. 

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