HSCM Bermuda unveils key executive changes to drive growth strategy
Hudson Structured Capital Management – doing its re/insurance business as HSCM Bermuda - has promoted two senior executives to leadership posts to support the firm’s growth strategy.
Rachel Bardon has been promoted to deputy chief investment officer, and Gokul Sudarsana to chief actuary of HSCM Bermuda, pending immigration approval.
Bardon joined HSCM in 2016 when the firm was being formed. Since joining she has been an integral part of the development of its investing, valuation, and modeling practices. In 2019 she was promoted to partner and chief actuary and has focused on developing HSCM Bermuda’s insurance credit origination and deployment over the past several years.
In her new role, Bardon will work with HSCM’s managing partner and co-founder Michael Millette to lead, develop, and enhance the firm’s re/insurance strategy. She will also continue to lead the strategy’s reinsurance debt investing and offshore investment activity.
Sudarsana joined HSCM in 2020 as a managing director and has helped to develop and lead life insurance investing for its strategy. He has also taken a leading role in improving the firm’s modeling capabilities across the Strategy. Prior to joining HSCM, he led Deloitte’s actuarial service offerings in Bermuda and the Caribbean.
Millette said: “Rachel’s and Gokul’s leadership in developing our broader insurance business has been critical. We and our investors look forward to their work in these expanded roles.”
Bardon commented: “High quality insurance-related debt continues to hold attractive risk premium due to the complexity of the investment. I am thrilled to be spearheading our continued growth in this sector. As this strategy grows, I am looking forward to continued work enhancing our investment processes and practices as Deputy CIO of our broader re/insurance strategy.”
Sudarsana added: "It has been an exciting and rewarding experience to collaborate with my HSCM colleagues over the past two years and I am looking forward to continue to support the firm's growth in this expanded role.”
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