Brookfield bolsters management workforce | Insurance coverage Enterprise America

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Brookfield announced the appointment of Michael McRaith as Vice President of Insurance Solutions. In the newly created role, McRaith will be involved in all aspects of Brookfield’s global insurance business.

Brookfield’s insurance business provides capital and investment solutions that align assets and liabilities for the benefit of policyholders and other stakeholders, the company said. Insurance Solutions works with insurers to develop portfolios of high quality investments that deliver risk-adjusted returns for insurers, policyholders, beneficiaries and other stakeholders.

“We are excited to welcome Michael as an important addition to our leadership team at a time of increasing growth for our business,” said Sachin Shah, Brookfield Reinsurance CEO and Head of Insurance Solutions. “He brings many years of invaluable experience from which our long-term institutional insurance investors benefit and support the development of new partnerships and investment opportunities in the further expansion of our insurance platform.”

Next read: Brookfield announces new reinsurance business in Bermuda

Prior to joining Brookfield, McRaith was the Managing Director for Blackstone. He was also the first director of the Federal Insurance Office at the US Treasury Department for nearly six years. Prior to joining the Treasury Department, he was the director of the Illinois Department of Insurance.

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