NEW YORK, Nov. 3, 2021 /PRNewswire/ -- Converge US LLC
("Converge US"), an onshore affiliate of Converge Re II
("Converge"), Lightstone's Puerto
Rico domiciled life and annuity reinsurance company, today
announced the appointment of Ari
Lindner as its Chief Executive Officer. Lindner, who brings
decades of experience spanning all aspects of the business, will
oversee the operation of Converge US's reinsurance servicing
business and help ensure that Converge achieves its strategic
growth objectives.
As CEO of Converge US, Lindner will be responsible for helping
Converge manage and grow its reinsurance portfolio and invested
asset base to generate meaningful long-term income via creative and
customized reinsurance solutions that fully utilize Lightstone's
industry-leading real estate expertise. Lindner is a seasoned
reinsurance executive and fully qualified actuary who brings the
leadership and technical skills that are critical to Converge's
success.
"With his vast industry experience and proven track record of
successfully capitalizing and building reinsurance companies from
the ground-up, Ari will be well positioned to make an immediate
impact," said Mitchell Hochberg,
Chairman of the Board of Directors of Converge Re. "We look forward
to Ari's leadership and Converge's continued growth."
"Lightstone's unique value proposition has empowered it to
become a recognized leader in real estate development and I have
admired the company and its strategic investments for years," said
Lindner. "I am thrilled to be a part of expanding Converge's
footprint and fully realizing its potential in the life and annuity
reinsurance space."
Prior to joining Lightstone, Lindner served in various senior
leadership roles, including as Senior Vice President of the North
American arm of Munich Re Markets, where he led the development and
growth of customized life and annuity reinsurance transactions.
Lindner additionally spent 15 years at ACE Group where he was
primarily responsible for building and leading their life
reinsurance companies in Bermuda
and the U.S.
Lindner earned a Bachelor of Science in Economics from the
Wharton School at the University of
Pennsylvania, with a concentration in Actuarial Science. He
is a Fellow of the Society of Actuaries and a Member of the
American Academy of Actuaries.
About Converge
Converge US LLC, Lightstone's
reinsurance services affiliate, is managed by a team of highly
experienced and accomplished reinsurance and investment management
executives with credible deep industry experience and networks, as
well as a proven track record of successfully executing multiple
reinsurance transactions. Converge Re II, Lightstone's Puerto Rico domiciled reinsurance company,
provides reinsurance to life and annuity insurers seeking improved
financial efficiency with the reallocation of capital through a
well-capitalized A- financial strength rated reinsurance company.
Converge Re II currently has in excess of $1
billion of AUM.
About Lightstone
Lightstone is one of the most
diversified privately held real estate companies in the United States. Active in 24 states across
the country, Lightstone develops, manages and invests in all
sectors of the real estate market, including residential,
hospitality, commercial, and retail. With 132 existing properties
nationwide, Lightstone's over $6.5
billion portfolio currently includes over 4 million square
feet of industrial, retail, and commercial properties, over 15,000
residential units, and 4,300 hotel keys. Headquartered in
New York City, Lightstone
continues to grow its development portfolio with over $3.5 billion currently under development in the
residential and hospitality sectors spread across New York City, Los
Angeles, and Miami.
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SOURCE Lightstone