Sussex Capital appointments to drive growth
Sussex Capital, insurer Brit’s Bermuda-based ILS investment platform, has made two new senior hires. Cornell Fox joins as head of investor relations and business development, while Masa Kitade is its new head of business development for Asia.
Fox joins from Bermuda-based Peak Capital (formerly Lutece Investment Management), where he was head of investor relations. He has also held roles with Validus Holdings and AlphaCat Managers. Before moving to ILS, he worked in Hiscox’s reinsurance division.
He will lead Sussex’s fundraising to drive growth and investor relations activity and help develop the platform and deliver on its strategy.
Kitade has over 25 years of experience across reinsurance and finance and previously held roles as chief marketing officer at Mercury Capital Ltd and CEO of Eastpoint Asset Management. He also served as regional director and head of Japan business for Aon Asia.
He will help develop the Sussex Capital platform in Japan and Asia, managing investor relations and implementing its strategy across the continent.
Managing director of Sussex Capital, Chris Denton, said: “Sussex Capital has an ambitious expansion strategy and significant potential within the ILS market. We are delighted to welcome Masa and Cornell to the team as we continue to grow the portfolio and drive the business forward.”
Fox commented: “In just under five years, Sussex Capital has established itself as a well-respected ILS platform in the market. With significant demand from investors across the globe for diversifying asset classes, I look forward to working closely with the team to capitalise on this potential, bringing the platform to an even greater number of investors.”
Kitade added: “Offering investors access to Brit’s industry-leading expertise, solutions and client base, I’m looking forward to broadening Sussex Capital’s presence across the Asian market, enabling the region’s ILS investors’ access to one of the most innovative and highly regarded platforms within the market.”