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Manulife Re

Manulife Re is the global reinsurance operation of Manulife Financial Corporation. We serve all our property and casualty clients through Manufacturers P&C Limited*, located in Barbados. Established in 1986, we are a long-term and well-established player in the highly specialized market of property and aviation retrocession. Manulife Re offers superior financial security and provides customer-focused solutions that help our clients manage the earnings volatility that results from large catastrophic property and aviation events.

Management Team

Claudio Macchi

Claudio Macchi

President & Chief Executive Officer

Claudio Macchi joined Manulife Financial Corporation in 1998 as Vice President & Chief Underwriting Officer of Manufacturers P&C Limited (Manulife Re), the third-party P&C reinsurance company of Manulife.

In 2008, he was appointed President & Chief Executive Officer of Manufacturers P&C Ltd., and in this role, he is responsible for the global third-party P&C reinsurance operation of Manulife Financial Corporation. Claudio also serves as President & CEO of Manufacturers Life Reinsurance Ltd., the affiliated life reinsurance operation for Manulife’s Asian business.

 

Claudio is a Senior Executive of Manulife Financial Corporation and a member of the Global Leadership Team (GLT). In addition, he serves as a Chairman/Director on various Manulife subsidiary boards.

 

Before joining Manulife Re, he was an Account Underwriter for Swiss Re and from 1988 to 1994 was an Underwriter for Zurich Insurance Company, where he started his re/insurance career in Zurich, Switzerland.

 

Claudio has a diploma in Commercial Business from the Commercial Business School at KV Zurich and a diploma of Business Administration from Swiss Institute of Business Administration, Zurich.

 

He is a Swiss citizen and since 2014 the Honorary Consul-General of the Swiss Confederation to Barbados.

Mark Ferguson

Mark Ferguson

Vice President, Underwriting

Mark Ferguson joined Manulife in 2006 as an Underwriter and Business Analyst of Manufacturers P&C Limited (Manulife Re). In this role he was responsible for providing underwriting support to the Chief Underwriting Officer.

As the role expanded, Mark was promoted to the role of Underwriting Director in 2009. Additional management responsibilities were added with the creation of the Shared Services team, which he leads and as of March 1, 2014, Mark was promoted to the position of Vice President, Underwriting within Manulife Re.

 

Prior to joining Manulife Re, Mark worked for Aon Limited in London, a broking company placing insurance and reinsurance business worldwide. He was employed as a broker and business analyst in the Specialty department focusing on Property Retrocession business.

 

Mark is a graduate of the University of Wales (UK) with a joint honours degree in French and German and is a British citizen.

Renee Springer-Haynes

Renée Springer-Haynes

Vice President & Chief Financial Officer

Renee Springer-Haynes joined Manufacturers P&C Limited in 2001 as a Senior Accountant. In 2016 she was appointed Vice President & Chief Financial Officer. In her current role, Renee is responsible for the financial reporting, cash management, regulatory and compliance reporting of the Company. She also holds the position of Corporate Secretary of Manufacturers P&C Limited.

Renee is the Financial Controller of two of Manulife’s affiliate life reinsurance subsidiaries; Manufacturers Life Reinsurance Limited and The Manufacturers Life Insurance Company (Barbados Branch).

 

Prior to joining Manufacturers P&C Limited, she worked as an auditor providing audit and advisory services to various banking and retail clients and was the Financial Controller of a retail business in the private sector.

 

Renee has a Bachelor of Accounting degree from the University of the West Indies, Cave Hill Campus Barbados and is a Fellow of the Association of Chartered Certified Accountants in England (FCCA) and a Fellow of the Institute of Chartered Accountants of Barbados. She is an Associate in Reinsurance (ARe).

Craig McNiven

Craig McNiven

Vice President & Actuary

Craig McNiven joined Manulife 16 years ago as an Actuarial Associate and has since progressed through roles of increasing responsibility within the company. In 2024, he was appointed as Vice President & Actuary of Manufacturers P&C Limited and serves as Vice President and Chief Financial Officer for Manufacturers Life Reinsurance Limited, the affiliated life reinsurance operation for Manulife’s Asian business.

In his current role, Craig is responsible for the actuarial functions of the Barbados-based companies, including the design, pricing, and negotiation of all new affiliate reinsurance transactions for Manulife’s life operations in Barbados, amending existing treaties, and monitoring the performance of the affiliate reinsurance treaties. He also oversees the actuarial aspects of property and aviation retrocession business in P&C operations.

 

Before this role, Craig worked in a variety of roles at Manulife in capital management, financial reporting, pricing, and audit.

 

Craig is a graduate of Western University and holds a BSc in Actuarial Science. He is a Fellow of the Society of Actuaries and a Fellow of the Canadian Institute of Actuaries.

Board of Directors

Philip Witherington

Claudio Macchi

Chairman, President & Chief Executive Officer, Manulife Re

Claudio Macchi joined Manulife Financial Corporation in 1998 as Vice President & Chief Underwriting Officer of Manufacturers P&C Limited (Manulife Re), the third-party P&C reinsurance company of Manulife.

In 2008, he was appointed President & Chief Executive Officer of Manufacturers P&C Ltd., and in this role, he is responsible for the global third-party P&C reinsurance operation of Manulife Financial Corporation. Claudio also serves as President & CEO of Manufacturers Life Reinsurance Ltd., the affiliated life reinsurance operation for Manulife’s Asian business.

 

Claudio is a Senior Executive of Manulife Financial Corporation and a member of the Global Leadership Team (GLT). In addition, he serves as a Chairman/Director on various Manulife subsidiary boards.

 

Before joining Manulife Re, he was an Account Underwriter for Swiss Re and from 1988 to 1994 was an Underwriter for Zurich Insurance Company, where he started his re/insurance career in Zurich, Switzerland.

 

Claudio has a diploma in Commercial Business from the Commercial Business School at KV Zurich and a diploma of Business Administration from Swiss Institute of Business Administration, Zurich.

 

He is a Swiss citizen and since 2014 the Honorary Consul-General of the Swiss Confederation to Barbados.


 

Marc Costantini

Director, Global Head of Strategy and Inforce Management, Manulife 

Marc is the Global Head of Strategy and Inforce Management, where he leads Corporate Strategy, Corporate Development and all initiatives to improve the profitability and risk profile of Manulife’s inforce business.  He also has oversight of Manulife’s P&C Reinsurance business.

Marc rejoined Manulife from Munich Re where he was President & CEO for Corporate Development, Strategy and Digital Solutions for the company’s North America Life & Health business. Prior to his current role, he served as EVP, Commercial and Government Markets for Guardian, where he drove continued growth of the company’s group employee benefits business after having initially been appointed as the company’s CFO in 2014.  As CFO he was responsible for all finance, accounting, tax, actuarial, risk, capital and treasury functions.

Having initially joined Manulife in 1990, Marc spent more than 23 years, holding a variety of executive leadership roles in Corporate Strategy, Corporate Development, Finance, and the operating businesses.

Marc graduated from Concordia University with a Bachelor’s of Sciences degree.  He is a Fellow of the Society of Actuaries.  Marc is originally from Montreal, Canada and has worked and lived in Canada, Germany and currently resides in Boston, MA. He’s a passionate supporter of Children’s causes, Alzheimer’s and Cancer research.

Dr. Erwin Zimmerman

Svetlana Radan

Director, Chief Operating Officer, General Account Investments, Manulife

Svetlana Radan is a finance professional with 20 years of experience. She currently holds the position of Chief Operating Officer, General Account Investments and is responsible for setting and executing GA’s non-investment decision strategy and operations. Prior to this role, Svetlana was accountable for the delivery and oversight of the Expense Management program for Global Wealth and Asset Management and the General Account segments globally.

Since joining Manulife in 2008 Svetlana held various roles within the company, most notably led the Liquidity and Subsidiary Management and built out Market & Liquidity risk function. Prior to Manulife, Svetlana worked in Royal Bank of Canada, Corporate Treasury and RBC Capital Markets.

Svetlana graduated summa cum laude from York University Economics and received a Masters Degree in Financial Economics from the University of Toronto. She is also a CFA Charterholder.

Andrew Thornhill

Director, K.C. Attorney-At-Law, George Walton Payne & Co., Barbados

Andrew graduated from the University of the West Indies in 1987 with an LLB (Hons) degree and went to work with Coopers & Lybrand (now PriceWaterhouse Coopers) in their Tax Department.  He then worked with Concorde Bank Limited, an international merchant and trustee bank as its Legal Officer. Thereafter, he attended the Hugh Wooding Law School, and graduated there from in 1995 and was called to the Barbados Bar in the same year.

Andrew is currently the Managing Partner of the law firm George Walton Payne & Co. He is a Charter Member of the Congress of Fellows of the Center for International Legal Studies. He is the author of, and regularly updates, the Barbados Chapter for the volume entitled “International Taxation of Low-Tax Transactions”, published by the Center for International Legal Studies. He is also the author of, and regularly updates, the Barbados Chapter for the Sweet & Maxwell publications “Aircraft Finance: Registration, Security and Enforcement” and “Aircraft Liens & Detention Rights”.

Andrew has made presentations in the United States of America, Germany, United Kingdom and Hong Kong on the use of Barbados as an International Business and Financial Services Jurisdiction. He has also made presentations locally on matters of corporate and commercial law.

He is a member of the Board of Directors of several multi -international company’s subsidiaries in Barbados.

Andrew works closely with major United States, Canadian, and European Law firms in cross-border mergers and acquisitions; the structuring of international corporate financial transactions, including the preparation of legal documentation, the review of legal documentation, perfecting security given in respect of the financing, and the provision of legal advice and legal opinions.

On 6 April 2018 he was appointed one of Her Majesty’s Counsel for Barbados.

Office Contact

Manufacturers P&C Limited

The Goddard Building, Haggatt Hall

St. Michael

Barbados BB11059

+1 (246) 228-4910

Media Contact

Cheryl Holmes

Director, Media Relations

+1 (416) 557-0945

cheryl_holmes@manulife.com

*Manufacturers P&C Limited is a wholly owned subsidiary of Manulife Financial Corporation

Annual reports

2023 Financial Statement (PDF)

2022 Financial Statement (PDF)

2021 Financial Statement (PDF)

2020 Financial Statement (PDF)

2019 Financial Statement (PDF)
2018 Financial Statement (PDF)
2017 Financial Statement (PDF)
2016 Financial Statement (PDF)

2015 Financial Statement (PDF)

2014 Financial Statement (PDF)

2013 Financial Statement (PDF)
2012 Financial Statement (PDF)
2011 Financial Statement (PDF)
2010 Financial Statement (PDF)
2009 Financial Statement (PDF)
2008 Financial Statement (PDF)

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