ILS Capital Management, the Bermuda investment management company specialising in insurance-linked securities, has strengthened its team and opened an office in London.
The specialist investment manager, founded by Don Kramer, has boosted its team with a number of senior executives in London and Bermuda.
The London office will be staffed by John Warwick and John Haggerty, who will focus on specialty reinsurance.
Haggerty will focus on marine and energy reinsurance contracts, while Warwick will cover international (non-US) property and weather.
Warwick’s weather insurance business, Excess Weather, will be folded into the London operation of ILS Capital.
In Bermuda, Teresa Gallant has been appointed chief financial officer (CFO) and Glenn Clinton has joined the business to head up US property underwriting.
Clinton joins from Tower Reinsurance, Bermuda, where he was president and chief underwriting officer, managing a $360 million book of property quota share excess of loss reinsurance business.
Kramer said: “These senior appointments add considerable strength to ILS Capital’s team. While property catastrophe reinsurance is centred in Bermuda, London is the centre for the specialty reinsurance market.
“ILS Capital is a progressive business and I am determined to stay a step ahead of our peers. John Haggerty and John Warwick’s 60 years combined reinsurance experience in the London market gives us an unprecedented opportunity to expand our operation.”
ILS Capital Management, Don Kramer, Bermuda, London, Europe, John Warwick, John Haggerty