Phillip Pettersen

Phillip Pettersen – Non-executive director, African Risk Capacity (ARC)

Mr Phillip Pettersen is a professional Board member and a Chartered Director. He currently serves on the Board of Africa Reinsurance Corporation South Africa Ltd, Regis Holdings Limited (listed on the Mauritius Stock Exchange (SEM), International Assurance PCC Limited (Mauritius) and Ivory Holdings (Pty) which includes firstEquity Insurance Group and SATIB to name a few.

Phillip has been in the financial Services for 46 years and worked in South Africa, London, Switzerland and Bermuda. During this period he worked for Alexander Forbes (MD Forbes Re) and was transferred to London as MD of Nelson Hurst Reinsurance (now Lockton’s) and thereafter became the Head of “New Solutions” at Partner Re in Switzerland where he developed his passion for catastrophe bonds, International Loss warranties (ILW’s), Mortgage Indemnity, Credit Default Swap Reinsurance, etc.

This experience was further enhanced working as a Lloyds broker with Benfield Greig’s as part of the ReMetrics Division. In 2006 he moved to Bermuda as MD Towers Perrin Re.

Phillip is a member of South African Institute of Directors (SA) and is a fellow of both the UK Chartered Insurance Institute and the Insurance Institute of South Africa with specialties in reinsurance. He has won various prizes and awards including the “Boleslaw Monic” Reinsurance Prize from the UK CII, among others from the local institute. During his career he has held the titles of Chartered Insurance Practitioner, Chartered Broker and Chartered Risk Manager.

Mr Pettersen is a keen off-roader as well as DOT qualified commercial endorsed RYA “Yachtmaster”. He is also keen diver and holds a PADI open water diver endorsement.