Markel CATCo forecasts 30% growth in 2018; appoints Bermuda CEO
The chief executive of Markel CATCo Investment Management has tipped the business to grow by 30 percent in 2018 – and it has appointed a new Bermuda chief executive to help manage this growth.
Tony Belisle, chief executive officer of Markel CATCo Investment Management, anticipates the business will grow to $6 billion in 2018. It has appointed Alissa Fredricks, the company’s chief risk officer, into the role of CEO Bermuda to oversee this growth.
Fredricks will assume responsibility for all of Markel CATCo’s operations at its registered offices in Bermuda. She joined Markel CATCo in May 2016 as chief risk officer where she oversaw the company’s portfolio and all underwriting activity. She will continue with this responsibility as part of her new role.
She will report to Belisle. Her expanded role will allow Tony to remain focused on the portfolio strategy and further product innovation.
Prior to joining Markel CATCo Fredricks worked with AIR Worldwide where she was responsible for leading catastrophe risk modelling consulting services for the insurance, reinsurance, and ILS markets. She is also an Associate of the Society of Actuaries, a Certified Catastrophe Modeler, and holds a Bachelor's of Science in Astrophysics from Rutgers University.
Belisle said: “Markel CATCo is expected to grow to approximately $6 billion in 2018, an increase of over 30 percent in a year. This significant growth has created the opportunity to appoint Alissa who will lead the team on a day-to-day basis.
“We are incredibly fortunate to have in Alissa someone who understands all aspects of our business, and in particular, possesses the strong actuarial skills that our business is built on.
“I would personally like to congratulate Alissa on her promotion. In a short space of time she has proven to have the necessary skills, knowledge and personality to be chief executive officer, Bermuda. I wish Alissa every success in this important role and greatly look forward to continuing to work closely with her.”
