Specialty insurer Brit has announced two new senior appointments to its insurance-linked investment management platform, Sussex Capital.
Cornell Fox will join Sussex Capital as Head of Investor Relations and Business Development, while Masa Kitade has been appointed as Head of Business Development for Asia.
Fox will focus on leading fundraising and investor relations activity at the Brit-backed ILS vehicle, while also helping to develop the platform and deliver on its overarching strategy.
Meanwhile, as leader of business development in the Asia region, Kitade will work to develop the Sussex Capital platform in Japan and Asia more broadly, driving investor relations and managing the vehicle’s strategy across the continent.
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 Ltd., and also previously worked with property catastrophe reinsurance at Hiscox.
Kitade previously held roles as Chief Marketing Officer at Mercury Capital Ltd and CEO of Eastpoint Asset Management Ltd., and has expertise in the Asian insurance market, having served as Regional Director and Head of Japan Business for Aon Asia.
Both new appointments will report into Chris Denton, Sussex Capital’s Managing Director.
“Sussex Capital has an ambitious expansion strategy and significant potential within the ILS market,” said Denton. “We are delighted to welcome Masa and Cornell to the team as we continue to grow the portfolio and drive the business forward.”
CFox also 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.”
