CATCo Reinsurance Opps Fund Ltd CATCo appointments strengthen underwriting team
February 24 2014 - 2:01AM
RNS Non-Regulatory
TIDMCAT
CATCo Reinsurance Opps Fund Ltd
24 February 2014
24 February 2014
PRESS RELEASE
CATCO STRENGTHENS ITS UNDERWRITING TEAM
CATCo Investment Management ("CATCo"), the specialist insurance
linked securities manager, announces the appointments of Charles
Vaughan and Richard Montgomerie as Directors of Underwriting. Based
in London, Charles and Richard will join the existing underwriting
team on 1 March 2014 reporting to Anthony Belisle, Chief Executive
Officer, and Jason Bibb, Chief Operating Officer and Chief
Financial Officer. The appointments of Charles and Richard will
play a key role as CATCo looks to further diversify its current
investment strategies.
Both Charles and Richard have extensive reinsurance underwriting
experience, 37 and 30 years respectively, and through their global
contacts within the reinsurance sector will bring considerable
value to CATCo's existing underwriting process.
Prior to joining CATCo, Charles and Richard's reinsurance
underwriting experience included co-founding reinsurance strategies
for asset managers AQR Capital Management and Magnetar Capital.
Tony Belisle, Chief Executive Officer of CATCo Investment
Management Ltd., 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."
Charles Vaughan and Richard Montgomerie, Directors of
Underwriting, said jointly:
"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.
'Ends'
For further information, please contact:
Mark Way
Corporate Communications Director
CATCo Investment Management Ltd
Telephone: +44 7786 116991
mark.way@catcoim.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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