Serenova Re Opens Home Office in Bermuda, Strengthening Global Reinsurance Leadership

Hamilton, Bermuda—June 23, 2025 – Serenova Re, a forward-thinking reinsurance company backed by Bain Capital and part of the Federal Life Group, proudly announces the opening of its Bermuda office, marking a significant milestone in the company’s strategic expansion.

Bermuda’s thriving life reinsurance market, characterized by strong growth in capital, backed by a secure and sophisticated regulatory framework, provides an ideal foundation for Serenova Re’s innovative approach.

Strategic Growth Alongside Regulatory Evolution

Bermuda’s regulatory landscape continues to evolve, with the Bermuda Monetary Authority (BMA) introducing enhanced requirements for life insurers to address the evolution of the long-term sector. Serenova Re embraces these advancements, leveraging its expertise to navigate regulatory changes while maintaining a steadfast commitment to transparency, flexibility, and tailored client solutions.

In this environment, Serenova Re completed its first reinsurance transaction in late 2024, and has recently opened its office at 22 Queen Street for the Company’s Bermuda-based staff.

“Our deep-rooted experience within Bermuda has been critical to the successful launch of Serenova Re, allowing us to effectively meet the new requirements whilst growing the business,” said Matt Roche, President of Serenova Re. “With the island’s dynamic reinsurance ecosystem, strong regulatory framework, and access to top-tier industry talent, Bermuda offers an exceptional environment for growth and innovation. We are excited to collaborate with our partners in shaping the future of reinsurance.”

Leadership & Expertise Driving Innovation

Serenova Re’s seasoned leadership team brings extensive experience in managing insurance balance sheets, strategic transactions, and risk management.

• Matt Roche, President: Previously Chief Investment Officer at L&G Re, Roche leads Serenova Re’s strategic direction and financial oversight.
• Anders Raaum, Chief Investment Officer: An industry veteran with Federal Life Insurance Company, Raaum played a key role in the company’s transition from mutual to stock organization.
• Laura Bourgeois, Chief Financial Officer: Formerly of Prudential and PGIM, Bourgeois specializes in corporate accounting policy and financial operations.
• Neil Hill, Chief Risk Officer: Hill, formerly of the Bermuda Monetary Authority, brings 15+ years of experience in actuarial risk management and regulatory compliance.
• Steffin Du Preez, Chief Actuary: Du Preez held key actuarial roles in Bermuda, including Approved Actuary for Athene Life Re Ltd and other firms, while also leading Life Actuarial at KPMG Bermuda.

Serenova Re’s Differentiated Approach

Beyond traditional reinsurance, Serenova Re stands apart through its strategic partnership model, providing holistic enterprise planning, market strategy support, and bespoke solutions tailored to clients’ evolving needs.

“Our mission is simple: to elevate reinsurance through collaboration, speed, and creative problem-solving,” said Roche. “We bring the financial strength, asset management skills and credibility of Bain Capital, combined with industry-leading insurance expertise, to help clients navigate complexity and drive sustainable growth.”

Looking Ahead: Growth & Industry Collaboration

Serenova Re is poised to expand its presence and deepen engagement within the insurance sector, with the ambition to become a key player in global reinsurance. By forging strong partnerships, the company aims to drive innovation and empower clients with flexible, future-focused strategies.

For more information, visit https://www.serenovare.com/ or contact Jessica Grann, jgrann@federallife.com.

About Serenova RE

Serenova Re is driving the next evolution in asset-intensive reinsurance. Through strategic partnership and an uncommon level of creativity, Serenova Re delivers tailored solutions and transformative value to clients worldwide. Earning an A- (Excellent) AM Best rating, the Bermuda-based company combines deep transaction experience with insurance balance sheet expertise to innovate a forward-thinking, sophisticated approach and solve tomorrow’s business challenges.