Menu

Reinsurance News

Legeis Capital launches, names Michael Morrissey chair

8th January 2021 - Author: Charlie Wood

Legeis Capital, a newly introduced company that provides re/insurers with efficient access to higher-returning investment assets, has named Michael Morrissey chairman of its board.

LegeisLegeis Capital has been established to provide a capital-efficient form of investment to re/insurance firms and focuses on lower risk mechanisms to access the returns of asset classes, that include public equities and private funds, as well as alternatives.

The company achieves this by making the investment possible with as low a capital charge as possible.

Morrissey has secured a reputation as an accomplished insurance investment banker and fund manager over the course of his career.

He previously served as president and Chief Executive Officer of the International Insurance Society (IIS) and is a board member at Selective Insurance and Protective Life.

RMS

Prior to his 11 year stint at IIS, Morrissey was chairman, Chief Executive Officer, and Chief Investment Officer of Firemark Investments.

Commenting on the appointment, Legeis Capital founder and CEO Michael Siegel said, “We are pleased to have Mike lead our Board of Directors.

“He is a strategic business leader and accomplished director. His distinguished career of over 40 years leading global insurance firms and asset management businesses brings unique experience that will benefit Legeis Capital significantly.”

“Mike brings extensive insurance industry and asset management experience to our board,” said Joseph Taussig, director.

“He will further strengthen our firm’s considerable talent and experience and we are confident in the contributions and value his leadership will bring to our company.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Pen Underwriting & Zurich in specialist fleet capacity deal

Multi-territory managing general agent Pen Underwriting has announced a new UK capacity deal with Zurich in the specialist area of...

Close