Lancashire names Portfolio Manager for capital management division

4th Jun 2013 07:23

FTSE 250-listed global provider of speciality insurance products Lancashire has appointed Mathieu Marsan as Portfolio Manager and Actuary of the Lancashire Capital Management division.The group said that Marsan had more than 13 years of insurance and investment experience, having previously spent the last six years with Pentelia Capital Management (Bermuda), an insurance-linked securities fund managing catastrophe bonds,Industry Loss Warranties and collateralised reinsurance. Prior to that, he served as an insurance derivatives trader for Ritchie Capital Management (Bermuda) Ltd, and before that as an actuarial advisor for Desjardins Financial Security.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".Commenting on his appointment, Marsan said: "I am really excited to be joining a company such as Lancashire which has an excellent track record, and has already proven that it can innovate in the ILS arena and manage third party capital. I look forward to working with Darren and the Lancashire team to help them manage and further develop the capital management division".Lancashire provides specialist insurance for risks within the aviation, energy, marine, property reinsurance and terrorism or political risk segments of the market.Marsan's appointment is subject to approval by the Bermuda Department of Immigration.MF