NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) announced today the appointment of Carol Pierce to the role of director in KBRA’s insurance group with a focus on captives, reinsurers, and alternative capital providers.
Pierce joins KBRA’s analytic team after thirteen years with Munich Reinsurance America, where she was responsible for market, competitor, and client analysis, initially for the specialty-markets division and more recently for the reinsurance division. Prior to Munich Re, Pierce worked at A.M. Best, where she managed the team responsible for expanding ratings among captive insurers. Carol has held various underwriting and product development positions with several major insurance companies during her more than thirty years in the insurance industry.
Pierce is a former member of the board of directors of the Vermont Captive Insurance Association (VCIA) and the International Center for Captive Insurance Education (ICCIE). She has been an active member of the Captive Insurance Company Association (CICA) and was a past recipient of the VCIA Captive Crusader Award. Additionally, Pierce has been a frequent speaker at industry conferences and has authored a variety of articles.
Pierce holds a bachelor’s degree from Smith College and an MBA from the Keller Graduate School of Management. She is a chartered property casualty underwriter (CPCU) and has earned the Associate in Reinsurance (ARe) designation.
“We are excited to have Carol on our analytic team. Her unique expertise, keen understanding of the alternative risk market, overall industry knowledge, and analytic skillset are tremendous assets to our credit-ratings team as well as the markets we serve,” said Andrew Edelsberg, managing director in the insurance group.
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).