Markel CATCo announces underwriting team promotions

Markel CATCo Investment Management has announced that a number of changes to its underwriting team.

Alissa Fredricks has been appointed chief risk officer. Located in Bermuda, she oversees the Company’s portfolio and all underwriting activity.

Fredricks joined Markel CATCo in May 2016 as a senior actuary, and was formerly with AIR Worldwide where she was responsible for leading catastrophe risk modelling consulting services for the insurance and reinsurance markets, which included advising regulators and rating agencies.

At the same time Simon Moore has been appointed as co-chief underwriting officer alongside Lindsay Watson. Simon joined CATCo Investment Management as a senior underwriter in July 2015. Prior to joining CATCo, Simon was a senior technical reinsurance broker at AON Benfield. CATCo was acquired by Markel Corporation on 8 December 2015. Moore and Watson will report to Fredricks.

Tony Belisle, CEO of Markel CATCo Investment Management, said: “Since Markel Corporation acquired CATCo the Company’s assets under management have nearly doubled to $4.3 billion. With their strong analytical and actuarial backgrounds, Simon and Alissa have played a critical part in supporting this rapid growth.

“As senior members of the Markel CATCo team, they will play increasingly important leadership roles during the next stage of the Company’s development. I congratulate them both on their well-deserved promotions.”