Centaur hires Condat for Bermuda ILS fund servicing push

by Artemis on October 10, 2017

Centaur Fund Services, a global investment fund administration specialist, has hired IC Condat to the role of Head of Insurance-Linked Securities (ILS) at its Bermuda entity Centaur Fund Services (Bermuda) Limited, as it pushes into the ILS fund servicing space.

IC Condat was previously with ILS fund specialists SS&C Fund Services (Bermuda) Limited (formerly Prime Management Limited), so has plenty of experience in advising and providing services to ILS and catastrophe bond funds, as well as other collateralized reinsurance vehicles.

“The ever growing interest and appetite in the ILS asset class provides us with great business opportunities as clients really value Centaur’s professional and client first approach,” commented Condat. “I am excited to be part of a great team and I am focused on building and growing Centaur’s ILS service offering.”

Condat, a Certified Public Accountant and an Associate in Reinsurance with more than twelve years’ audit and fund administration experience, will be based in Centaur’s Bermuda office.

“Centaur services a strong group of hedge funds, private equity and family office clients based in the U.S., Europe and Asia and we see tremendous opportunities for further growth, including growth in the ILS sector,” added Marc Weaver, Chief Operating Officer, Centaur Fund Services (Bermuda) Limited. “We launched our Bermuda office in 2016 and it has quickly become an important servicing center for us.

Centaur Fund Services Bermuda has also signed on as a listing sponsor with the Bermuda Stock Exchange (BSX), the exchange where the majority of the catastrophe bonds issued in recent years have been listed, so now has the ability to act as a listing sponsor for any ILS issues looking to house themselves at the BSX.

Greg Wojciechowski, BSX President & CEO, stated; “We are delighted to welcome Centaur Fund Services (Bermuda) Limited as the newest Listing Sponsor of the BSX. Centaur is a rapidly expanding organization which has offices in jurisdictions where BSX is seeing an increase in commercial interest and activity. The BSX team and I look forward to working with Centaur to provide support and services to clients in those jurisdictions by offering them access to BSX’s internationally recognition stock exchange platform.”

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