Yulanda Francis has been promoted to the position of president of Horseshoe Re.

She will retain her current responsibilities for client serving within Horseshoe Re, with the treasury and underwriting teams reporting to her.

Ms Francis will report directly to Andre Perez, chief executive officer of Horseshoe Group.

Mr Perez said: “In continuing to focus on internal structural efficiencies, we have reallocated some of the resources internally which we believe will make Horseshoe Re’s operations more streamlined.

“As part of this restructuring, I am pleased to announce that Yulanda Francis has been promoted to the position of president of Horseshoe Re. Her unwavering dedication to provide an outstanding level of service to our clients and her expertise in collateralised reinsurance make her a highly respected professional among her peers.”

Ms Francis has been with Horseshoe since 2008, she was instrumental in establishing Horseshoe Re which is now one of the largest independent ILS transformers in the world.

With more than 20 years of experience in the insurance and reinsurance industry, she has a track record and expertise in insurance management, collateralised reinsurance and insurance accounting.

Ms Francis, a former Bermuda College student and Chartered Professional Accountant, holds a CMA from the The Society of Management Accountants of Nova Scotia. She was also featured as one of the ‘Influential Women of Bermuda’ by Bermuda Re & ILS.