27 July 2022Reinsurance

Colleagues pay tribute to Wilmington’s Robert Quinn

Robert Quinn, widely regarded in the industry as a pioneer of the use of trusts as a form of collateral in re/insurance transactions, has passed away suddenly, his company Wilmington Trust has announced.

Mike Ramsey, vice president client development, global capital markets at Wilmington Trust told Captive International that: “We are saddened to announce the death of our colleague Robert Quinn, who passed away July 5, 2022 after a brief illness at the age of 53. Robert was a pioneer in the insurance collateral industry and was instrumental in helping to grow the viability of the insurance trust product over the past 20 years.

"His larger than life persona and infectious sense of humour will be sorely missed. He was a devoted husband, loving father and loyal friend, and although he will be greatly missed, he has left a legacy that we will continue to build upon.”

Todd Winchel, senior vice president of global capital markets and insurance collateral solutions said: “We have lost a wonderful friend and colleague way too soon. He will be sorely missed.”

Quinn has been a noted leader in the alternative collateral field for almost 20 years. He joined Wilmington Trust’s global capital market division in 2014 to lead its insurance collateral solutions business.

Previously, he was senior vice president of business development for Corporate, Municipal, and Escrow Services at Wells Fargo. Before that, he was vice president of business development for Corporate Trust at the Bank of New York. He played a key role in the establishment and success of client development efforts at both financial institutions.

Insurance and reinsurance trusts are alternative forms of collateral used to guarantee insurance transactions such as reinsurance, insurance linked securities, and corporate insurance, which include both captive and large deductible plans.

Quinn has delivered seminars on collateral alternatives to thousands of industry professionals worldwide and is widely regarded as one of the foremost experts in the field. He has been published more than 50 times, writing on the subject of insurance collateral for various industry publications.

Quinn also served in the US Army and US Army Reserves, where he was awarded the National Defense Service Medal for his service in Operation Desert Storm and the Army Reserve Commendation Medal, respectively.

He graduated with a bachelor’s degree in Business Administration from the University of Washington and earned an MBA from Columbia Business School.