Re/insurance holding company Markel Corporation has announced the appointment of Brenton Slade as President of its new retrocessional reinsurance ILS fund management unit, Lodgepine Capital Management Limited.
Slade joins from Hamilton Capital Partners, where he served as a Senior Vice President. Before that he was Chief Operating Officer for the Horseshoe Group.
Between 2005 and 2013, he was a member of the executive committee and Chief Marketing and Capital Markets Officer for Flagstone Reinsurance.
“We are very pleased to have Brent join our senior management team at Lodgepine,” said Andrew “Barney” Barnard, chief executive officer of Lodgepine.
“Brent’s experience in ILS, reinsurance and alternative investments will be important in helping Lodgepine develop as a significant institutional ILS asset manager.”
Upon announcing its launch earlier this month, Markel said Lodgepine Fund will provide investors with access to property cat retro exposure via a single-entry point and platform.
Lodgepine will offer cedants a suite of property retro products with the ability to have coverage provided either on a collateralised basis, written by Lodgepine Re, or on a rated paper basis written by Markel Bermuda Limited, or a combination of both.
“Third-party capital will continue to play a major role in our industry and Markel has strategically positioned itself to be an industry leader in the critically important ILS market,” Slade said.
“I’m delighted to have the opportunity to build Lodgepine into a substantial presence in the ILS asset market and a genuine complement to Markel’s Nephila and State National capabilities.”