Jay Novik

Jay Novik

Vice Chairman

Jay Novik has over forty years of experience in both life and property/casualty reinsurance, including more than twenty years at the Swiss Re Group, an international insurer.  During his career at Swiss Re, he established many new companies including Atrium Corp., a U.S. based reinsurance intermediary, European International Reinsurance Company and NAIRCO, both underwriting companies.  Mr. Novik was CEO of Atrium, European International and Swiss Re Financial Services.  He was also Vice Chairman of Swiss Re America, Swiss Re Life & Health America and Swiss Re New Markets.  Since leaving Swiss Re in 1999, he has been an active investor in insurance ventures including Talbot Holdings, Aspen Insurance Holdings, Integro, AmeriLife Group and Prosperity Life Insurance Group, LLC.  Prosperity is the holding company for Shenandoah Life Insurance and SBLI USA Life Insurance Company, both mutual demutualized insurers.  In 2001 Mr. Novik helped form Black Diamond Group and participated in the buyout and restructuring of Alleghany Underwriting, a Lloyd’s managing agency which was renamed Talbot.  He served on its board of directors until its sale to Validus Re in July, 2007.  In 2005, Mr. Novik, Heidi Hutter and Jose Montemayor formed Black Diamond Capital Partners; a private equity fund specializing in insurance.  He is currently on the board of Prosperity Life Insurance Group, LLC.  Mr. Novik is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.