HSCM Bermuda appoints deputy CIO and chief actuary

Hudson Structured Capital Management (HSCM), doing its re/insurance business as HSCM Bermuda, has announced the promotion of Rachel Bardon to deputy chief investment officer (CIO) and of Gokul Sudarsana to chief actuary.

Bardon joined HSCM in 2016 as the firm was being formed and, in 2019, she was promoted to partner and chief actuary.

As deputy CIO, she 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 the company’s strategy. Prior to joining HSCM, he led Deloitte’s actuarial service offerings in Bermuda and the Caribbean.

“Rachel’s and Gokul’s leadership in developing our broader insurance business has been critical,” said Millette.

“We and our investors look forward to their work in these expanded roles.”

HSCM is an asset manager focused on alternative investments seeking mezzanine level returns. Its focus is on the re/insurance and transportation sectors.

HSCM launched in 2016 and as of 1 September, 2022, has more than $3.5 billion in assets under management and committed capital.