Jay Banskota
Senior Vice President Reinsurance
Jay Banskota has been an insurance and reinsurance professional for over 22 years, specializing in assumed and ceded reinsurance management. For Carrick, Mr. Banskota is focusing on reinsurance & management reporting for multiple clients, collections & commutations.
From 2006 to 2014 at Enstar U.S., he managed ten subsidiary insurers ceded reinsurance departments, oversaw due diligence reviews of merger targets, developed operational synergies at closing, and increased reinsurance assets by collecting over $350 million of overdue reinsurance recoveries.
In 2018 Mr. Banskota was key in the development of software system features required for reinsurance administration. Jay performs and manages run-off assessments, including analysis of assumed, ceded, and retroceded reinsurance operations and development of commutation strategies with a focus on creating efficiencies.
Prior to his work with Carrick and Enstar, Mr. Banskota served in various management capacities with AIG, Gerling Global Re and Realm National Insurance Company, while maintaining timely collection of reinsurance recoverables during a time when these insurers increased the overall usage of ceded reinsurance.
Jay Banskota has a Master of Business Administration from The Peter J. Tobin College of Business at St. John’s University, and a B.S. in Finance from Brooklyn College, City University of New York.