10 June 2013ILS

Capital markets teams grow at Lancashire and Axis

As the popularity of capital markets increases, two Bermuda players have announced additions to their capital markets team. Lancashire Capital Management has announced the appointment of Mathieu Marsan as portfolio manager and actuary. In addition, Ben Rubin has joined Axis Re as executive vice president, Capital markets, as of July 8th.

Mathieu has more than 13 years of experience and has worked managing catastrophe bonds and in collateralised reinsurance. Darren Redhead, head of Lancashire Capital Management, said: “I am delighted that Mathieu is joining us. With his strong actuarial background and fund management experience, he is a great addition to our team and will be very helpful in meeting our third party capital strategic objectives.”

Rubin, who joins Axis from Bank of America Merrill Lynch, will be responsible for managing and developing relationships third-party capital providers in support of the company’s underwriting operations. Commenting on Rubin’s appointment, CEO of Axis Jay Nichols said: “I have worked closely with Ben on a number of ventures over the years that brought innovative alternative reinsurance structures to the market. He is a seasoned professional whose expertise will be instrumental in leveraging our strong global specialist underwriting franchises. I expect Ben’s contributions will be invaluable in leading AXIS into a leadership position in the rapidly expanding convergence of reinsurance and the capital markets.”