openly expands reinsurance division and appoints Anthony Landi, former head of portfolio management at Everest Re, as head of reinsurance and capital management

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Landi becomes the latest insurance industry veteran to join Openly’s leadership team

BOSTON, MA/ACCESSWIRE/May 31, 2022/ Openly, the premium home insurer, today announced the appointment of Anthony Landi as Head of Reinsurance and Capital Management. Landi will lead Openly’s reinsurance division and expand its internal disaster management program as the company seeks to continue its successes in modernizing the insurance industry landscape.

Prior to joining Openly, Landi spent 10 years at Everest Reinsurance, a top 10 global reinsurer (non-life), where Anthony most recently established and led the portfolio management office for the reinsurance division. Prior to founding the portfolio management office, Anthony held various senior underwriting and strategy roles in property treaty reinsurance in the United States, D&F property reinsurance globally and property retrocession in the world.

Anthony will report to Adriel Nunes, CFO of Openly. “The addition of Anthony as Head of Reinsurance and Capital Management demonstrates our continued focus on creating value for our reinsurance partners and shareholders through strong underwriting execution and optimization of our capital base,” Nunes said.

Openly improves both sides of the combined ratio equation through better underwriting model selection and industry-leading low long-term operating expenses by leveraging automation and independent agents. Technology is a key aspect of Openly’s strategy and, through its reinsurance division, complements its focus on technology by working closely with traditional and non-traditional reinsurance capacity providers.

“Our unprecedented success within the independent insurance agent channel has been recognized in other facets of the insurance industry,” said Ty Harris, CEO of Openly. “We have cultivated significant relationships with reinsurers in London, Bermuda, Cayman Islands and in the US relationships which we see evolving alongside our business. To build on this momentum, we are delighted to welcome Anthony Landi as Head of Reinsurance and Capital Management. Anthony brings over 10 years of experience to Openly and will help us deepen our reinsurance relationships.”

“Openly is using its deep traditional expertise in insurance and reinsurance to create an operating model that will allow it to accept different forms of capital depending on where we are in different market cycles,” said Anthony Landi, head of reinsurance and capital management at Ouvertement. “We are pleased to announce the completion of our first major catastrophe excess of loss placement with a diverse panel of reinsurers in the London, Bermuda and US markets. Each of these reinsurers has shown a proactive interest in our company’s new approach to insurance through the independent agent channel and have the ability to scale with Openly. We believe that our strategic plan for entering the state, focused on diversification and maintaining appropriate volatility during a period of growth, will help us continue to secure critical reinsurance capacity. »

Founded by insurance industry veterans Ty Harris and Matt Wielbut, Openly uses next-gen data and technology to deliver simple, user-friendly home insurance policies. The company recently announced its tremendous growth over the past year, reaching 700% of in-force premiums, a 250% growth in independent insurance agents selling on its platform and hiring over 100 employees. This rapid growth is a testament to the company’s continued commitment to providing independent agents with comprehensive and transparent home insurance coverage.

Openly is actively recruiting for remote positions. Please visit Openly’s career page for all opportunities. For more information, please visit Openly’s website.

about openly

Openly is a technology-driven premium home insurance company. Its centralized platform provides comprehensive coverage using advanced pricing models. Founded by industry veterans in 2017, Openly is dedicated to providing modern, transparent home insurance and empowering independent agents across America. For more information, visit Openly.comWherelinkedin.com/openlyinc.

Media Contact:

Ross Stevens
Corporate Advisers caliber for Openly
ross@calibercorporate.com

THE SOURCE: Openly

See the source version on accesswire.com:
https://www.accesswire.com/702888/Openly-Expands-Reinsurance-Division-Appoints-Former-Everest-Re-Head-of-Portfolio-Management-Anthony-Landi-as-Head-of-Reinsurance-and- capital management


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