CATCo appoints two directors of underwriting
CATCo Investment Management, the specialist insurance linked securities manager, has hired two underwriters who have both previously worked for AQR Capital Management and Magnetar Capital.
Charles Vaughan and Richard Montgomerie have joined as directors of underwriting. Both have extensive reinsurance underwriting experience, 37 and 30 years respectively, and the company said through their global contacts within the reinsurance sector will bring considerable value to CATCo's existing underwriting process.
Prior to joining CATCo, both were members of the reinsurance team for asset managers AQR Capital Management and Magnetar Capital.
Both will be based in London and will report to Anthony Belisle, chief executive officer, and Jason Bibb, chief operating officer.
Tony Belisle, chief executive officer of CATCo Investment Management, said; “CATCo’s priority is to bring solutions to our reinsurance counterparties while at the same time delivering attractive returns to our investors. To deliver on these objectives requires having the strongest underwriting capability available in well diversified strategies.
“With their depth of knowledge, Charles and Richard bring exceptional levels of expertise, as well as proven track records, which will combine seamlessly with CATCo’s existing underwriting team. These appointments demonstrate our continued commitment to hiring high quality people who can help enhance our reinsurance product and investment fund offering.”
Vaughan and Montgomerie jointly said: “In a short space of time CATCo has become an established manager in the reinsurance space with highly professional people and a strong brand. The senior management has built a very impressive team and product range in a relatively short period of time. The company has the right leadership with a strong vision to meet the changing needs of the market, so we are very excited to be joining the firm at this time and we look forward to working with our new colleagues in the months and years ahead.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk