About Us

Meet the principals of the Black Diamond Group LLC.

Jay Novik - jay.novik@bdgltd.com
Jay Novik has over thirty years of experience in both life and property/casualty reinsurance. During his career at Swiss Re, he established several new companies including Atrium Corp., a reinsurance intermediary, and European International Reinsurance Company, a Barbados underwriting company. He was CEO of Atrium, European International and Swiss Re Financial Services. Jay was also Vice Chairman of Swiss Re New Markets, Swiss Re America and other Swiss Re companies. He has been an active investor in insurance ventures. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

Heidi Hutter - heidi.hutter@bdgltd.com
Heidi Hutter has twenty-five years of experience in property/casualty reinsurance. She began her career in 1979 with Swiss Reinsurance Company in New York. From 1993 to 1995, she was Project Director for the Equitas project at Lloyd’s of London, which became the largest run-off reinsurer in the world. She served as CEO for Swiss Re America from 1996 to 1999 and was also a member of the Executive Board of Swiss Re in Zurich at that time. She is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries and a member of the Board of Overseers of The School of Risk Management at St. John’s University.

Jose Montemayor - Jose.Montemayor@bdgltd.com
Jose Montemayor joined Black Diamond on June 1, 2005 following his twelve year tenure at the Texas Department of Insurance (TDI), including six years as the gubernatorially appointed State Insurance Commissioner. Among his accomplishments, Mr. Montemayor launched the $130 million per year Texas FAIR plan, worked with the Texas Legislature to modernize insurance regulation and to address skyrocketing increases in medical malpractice premiums. He was instrumental in creating protocols for the early identification and intervention of companies at risk of insolvency and is credited with many successful company rehabilitation interventions. As Associate Commissioner for Finance and later as Commissioner, Montemayor was responsible for the licensing, solvency and market conduct of more than 2,000 insurers and health maintenance organizations in the $80 billion a year Texas market. He is a member of the Texas Society of Public Accountants, the American Institute of Certified Public Accountants and the Society of Financial Examiners.