Leadership 

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Michael J. LeBoeuf
CEO, Converge US

Michael J. LeBoeuf, FSA, MAAA is the Chief Executive Officer of Converge US, where he is involved in leading and participating in all aspects of Converge RE’s operational, financial, business development and strategic initiatives.

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Richard C. Hodgdon
President, Converge US

Richard C. Hodgdon is President of Converge Advisory and a member of the Board of Directors of Converge RE II. Mr. Hodgdon is involved in all aspects of Converge RE’s business development, financial, and strategic initiatives.

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David Lichtenstein
Chairman and CEO, Lightstone

David Lichtenstein is Chairman and CEO of Lightstone, which he founded in 1988. Mr. Lichtenstein personifies Lightstone’s commitment to the highest standards of quality, integrity, and value. He is responsible for directing all aspects of the acquisition, financing and management of the company’s investment portfolio.

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Mitchell C. Hochberg
President, Lightstone

Mitchell C. Hochberg is President of Lightstone, and Chairman of the Board of Directors of Converge RE II. He has more than 30 years of executive experience in every facet of real estate development and operations, including the residential, hospitality, commercial, gaming and mixed-use sectors.

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Patrik R. Guindon
Chief Risk Officer, Converge US

Patrik R. Guindon, FSA, MAAA is Chief Risk Officer of Converge Services, where he is responsible for all actuarial aspects of Converge Services. Mr. Guindon has over 20 years of insurance industry entrepreneurial, consulting, executive management and leadership experience.

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Moshe Lichtenstein
Chief Investment Officer, Converge US

Moshe Lichtenstein is Chief Investment Officer of Converge Asset Management and a senior member of the Lightstone investment team. Mr. Lichtenstein is responsible for investment strategy and oversees the sub-managers for Converge Asset Management to ensure the investment portfolio complies with the Converge investment and ALM guidelines.

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Seth D. Molod
Executive Vice President & Chief Financial Officer

Seth D. Molod is Executive Vice President and Chief Financial Officer of Lightstone, where he is responsible for overseeing and managing all corporate finance operations. Mr. Molod brings over 25 years of extensive experience advising some of the nation’s most prominent real estate owners, developers, managers, and investors in both commercial and residential projects.

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Joseph E. Teichman
Executive Vice President & General Counsel

Joseph E. Teichman is Executive Vice President and General Counsel at Lightstone, where he is responsible for overseeing and managing the legal affairs of the company and its operating entities. Mr. Teichman also contributes to the company’s overall strategy as a member of the company’s executive management team.

 About us

Converge RE is domiciled in Puerto Rico as a Class 5 reinsurer in good standing through the International Insurance Center (IIC) that structures financial solutions for insurers. Puerto Rico is a member of the National Association of Insurance Commissioners (NAIC) and is a US territory, subject to US laws and courts.

  • Converge RE is:
  • Rated A- by KBRA
  • NAIC accredited as a reinsurer, and a founding member of the Puerto Rico International Insurance Association(PRIIA)

  • Converge RE is managed by a team of highly experienced and accomplished reinsurance and investment management executives with credible deep industry experience and networks, as well as a proven track record of successfully executing multiple reinsurance transactions.


What we do

Converge RE provides reinsurance to life and annuity insurers seeking improved financial efficiency with the reallocation of capital through a well-capitalized A- financial strength rated reinsurance company.

Converge RE combines life and annuity reinsurance with a sophisticated investment strategy built on Lightstone’s superior real estate asset management skills, balanced by a fixed income allocation managed by Western Asset Management, a global asset manager, with over $450 billion of AUM. We pride ourselves on being able to tackle complex reinsurance opportunities and deliver creative client-centric reinsurance solutions while adhering to stringent regulatory and insurer guidelines.

Converge RE is managed by an experienced reinsurance and insurance team that has a track record of solid risk management and delivering long-term results.

 Product Solutions

Converge RE maintains a disciplined risk management culture while offering customized reinsurance solutions for the benefit of our clients, and focuses on long-tailed risks with low volatility and predictable cash flows.



OverviewLightstone

Lightstone has a long term financial commitment to Converge RE and views the life and annuity reinsurance as a diversification of its core real estate business; an opportunity to bring proven real estate investment management expertise to enhance yields on asset portfolios supporting long duration liabilities.

Lightstone Enterprises Limited

  • Total assets of $2.1 billion
  • BVI-registered public company with total equity of $942 million
  • Issued more than $258 million of unsecured corporate bonds that trade at a premium to PAR
  • Rated A1 by Moody’s Midroog and ilA+ by Standard & Poor’s Maalot

Lightstone REITs

  • Total assets of $1.44 billion
  • A major sponsor of public non-traded REITs and to date has raised more than $600 million of investor capital
  • Co-invests over 10% of the raised capital
  • Manages six separate public companies registered with the U.S. Securities & Exchange Commission

Lightstone Private Equity

  • Total assets in excess of $3 billion
  • Originates and Invests in;
    • Opportunistic Real Estate Development
    • Real Estate Debt Strategies
    • Alternative Investments
  • An active asset manager of Multifamily, Hospitality, and Commercial Real Estate


Commitment 

Lightstone is committed to the continued growth of Converge RE and views the life and annuity reinsurance business as an effective diversification of its core real estate business

Converge RE is committed to measured growth and to be a financially responsible reinsurer to our clients. We strive to be a transparent partner to all its stakeholders, and to maintain a best-in-class reputation in the reinsurance marketplace

EXPERIENCED • DISCIPLINED • CONNECTED




Converge RE II

General Inquiries: info@converge-re.com 888.252.9997

Contact us!