TransRe’s Craig Hupper to retire from company at year-end

Craig Hupper, an executive from global reinsurance company TransRe who is well-known and liked in the insurance-linked securities (ILS) community, is set to retire from the firm at the end of this year, Artemis has learned.

Craig Hupper is a Senior Vice President at TransRe and currently holds the title of Managing Director, Head of Sustainability and Resilience.

But, through much of his career at the reinsurance company he has developed and led TransRe’s third-party capital and ILS offerings.

Hupper already had insurance and reinsurance market experience, gained on the broking side of the market, when he joined TransRe back in 1998.

At first Hupper was a VP of non-traditional underwriting and the Head of Retrocession for the reinsurer, after which he became an SVP and the Director of Risk Management, before moving over to dedicate his time to further developing third-party capital initiatives at TransRe in 2013.

Hupper has been instrumental in the build-out of the third-party capital and insurance-linked securities (ILS) offering at TransRe, as well as in the development of investor relationships.

His work at the company included, leading on the launch of TransRe’s long-established collateralized reinsurance sidecar vehicle, Pangaea, as well as other initiatives that connected institutional investor capital with reinsurance risk (private ILS arrangements) and also the launch of TransRe’s Bowline Re catastrophe bond program.

Hupper then shifted roles at TransRe in 2021, taking on a new position leading Environmental, Social & Governance (ESG) at the reinsurance firm.

Mike Torre, who had joined TransRe from broker Aon around five years ago, took over the lead at TransRe Capital Partners, managing the reinsurers third-party capital initiatives and relationships that year, as Hupper’s full-time focus moved to the new role.

Torre continues in that Capital Partners lead role today, supporting TransRe’s existing and future partnerships with alternative capital providers.

With Hupper now set to retire from TransRe at the end of this year, the company had already promoted existing employee Brett Denyer to become Head of Sustainability and Resilience earlier this year.

Denyer had already been a key member of TransRe’s Task Force on ESG for a number of years, and has also helped the reinsurer in further integrating ESG considerations into underwriting processes and decision-making.

While Hupper is now departing TransRe after his roughly 26 years of service, he intends to remain connected to the insurance-linked securities (ILS) market and be involved in selected reinsurance, ILS and sustainability focused ventures, following some time off early in 2024.

Hupper spoke at our New York conference back in 2022, participating in a panel session focused on ESG in ILS, which you can still watch here.