Vista L&C

VistaLC_5_Revision_a

Organized in 2015, Vista Life & Casualty Reinsurance Company, a specialty risk transfer platform, is expert at the design and implementation of alternative risk transfer and risk securitization structures that produce surplus, risk-based capital, volatility reduction, and other financial benefits for clients, with particular emphasis on seasoned portfolios of disability claims, life & annuity strain or expense financing, embedded value securitization, and long term care insurance.

Company Profile

History

Vista L&C was licensed in November 2015 as a sponsored captive insurance company under the captive insurance laws of the State of Vermont. The company closed its first transactions in 2016 and 2017, transferring risk under various long term care insurance policies with total reserves in excess of $400 million to investors.

Management

Marsh Captive Managers, a leading insurance manager in Vermont, provides the management services for Vista L&C. Marsh has 50 years of captive experience with more than $50 billion of premium and manages 1,250 captive insurers globally.

The Board of Directors consists of Donald Solow, Michael Lorenzo, Brian Lo and Todd White.

Our Team

Donald Solow FSA, MAAA

Don is currently President of Vista Life & Casualty Reinsurance Company and Manager of Regatta Holdings LLC, which invests in and advises start-up reinsurance enterprises.

Prior to this, Don was a Director at Wells Fargo Securities (formerly Wachovia Securities) from 2006 to 2011. At Wells, he was responsible for heading the insurance solutions team, originating over $500 million of transactions in insurance-related business.

Before joining Wachovia, he held senior positions within the reinsurance industry, including serving as Senior Vice President of ACE Financial Solutions in New York. In this capacity, Mr. Solow managed the life, health, and annuity reinsurance division, and was responsible for sourcing, structuring, and pricing financial and hybrid reinsurance and risk financing transactions.

He became a Member of the American Academy of Actuaries in 1992, and a Fellow of the Society of Actuaries in 1993.

Mr. Solow earned a Bachelor of Science degree in Mathematics from New York University’s School of Engineering in 1988.

Michael Lorenzo

Michael is Executive Vice President of Vista Life & Casualty Reinsurance Company. He worked in the reinsurance industry for over 30 years, most recently as President of BluOcean Advisors LLC, a strategic advisory firm providing risk transfer and management consulting services to the insurance community.

Michael was a Managing Director with Guy Carpenter Inc., a global reinsurance intermediary, owned by MMC. He was an account executive for a diverse group of clients negotiating over $2 billion of traditional and structured reinsurance limits in the worldwide market.

Michael was also a Senior Vice President with Sedgwick Re, a leading global reinsurance intermediary owned by Sedgwick Group PLC. His responsibilities included New England Branch Manager, eastern region sales and account management.

Prior to joining Sedgwick Re, he served as a Vice President for Guy Carpenter Inc. in the International Treaty Division responsible for Japan and Northern Europe. He was also an Assistant Vice President in the Facultative Division servicing Fortune 1000 insured’s for major insurance company clients.

Michael Fortier

Michael is Executive Vice President of Vista L&C Capital Solutions, and is responsible for deal origination and product development.

Prior to joining Vista, Michael spent twenty years in the banking industry working at Scotiabank and CIBC World Markets, where he pioneered an innovative reserve finance transaction for Term Life (XXX) and ULSG (aXXX), that was widely adopted by the industry. In addition Michael built an international securities finance business, and developed models of credit risk exposures and economic capital for the bank’s derivatives portfolios.

Prior to working in the banking industry Michael was involved in pension consulting at Mercer and Willis Towers Watson (formally Watson Wyatt).

Michael is a Chartered Financial Analyst, an Associate of the Society of Actuaries and has a degree in Applied Mathematics from the University of Toronto.

Brian Lo FSA

Brian is Treasurer of Vista Life & Casualty Reinsurance Company. Brian has over 25 years of experience in the life insurance industry. Most recently, Brian was Managing Director at Swiss Re, whose responsibilities included reserve financings, structured reinsurance, and capital optimization transactions for Swiss Re’s Life and Health portfolio.

Before Swiss Re, Brian served as Managing Director and Head of Financial Institutions at MBIA, where he led deal teams insuring a number of ground-breaking insurance securitizations.

Prior to that, Brian also worked at Swiss Re Financial Products, JPMorgan, and New York Life, in a variety of senior roles. His experience in the life insurance industry includes corporate and leveraged finance, capital markets transactions and traditional actuarial roles.

Brian graduated with a degree in Mathematics and Economics at Binghamton University, and is a Fellow of the Society of Actuaries.