5 March 2015ILS

Sequant Re appoints former Bermuda Commercial Bank exec

A Bermuda-based global reinsurer has appointed the former head of asset management of Bermuda Commercial Bank, Lola Myshketa, as executive vice president.

Myshketa is to lead the business development and capital raising activities for Sequant Re, which combines Bermuda’s segregated account structure with insurance-linked securities (ILS) to offer a platform for the transfer and securitisation of insurance risks.

“Lola’s experience in capital markets, her talent and energy will be great assets to Sequant Re,” said Sequant CEO and founder, Guy Cloutier. “As a key member of the executive team, she will play an instrumental role in shaping the future of the company.”

Myshketa said: “Guy and David have outstanding reputations and an enviable roster of connections in the re/insurance, capital markets and financial modelling industries. I am eager to build on this impressive foundation, but more importantly, I am thrilled to be part of a business model that has investors’ interests at heart.”

Myshketa brings 17 years of international experience in investments and capital markets to the team. She has a proven track record in raising capital for various alternative investment offerings, designing and executing the roll out of new products and opening new markets, while creating and implementing business structures and sales programmes that support a clear vision for business growth.

Before moving to Bermuda to lead the startup and the development of the asset management offering for the Bermuda Commercial Bank (BCB), she held senior positions in the Canadian private financial sector, where she specialised in alternative investments.