Lancashire appoints new portfolio manager to Capital Management division

Global provider of specialty insurance and reinsurance products and third-party reinsurance capital firm Lancashire Holdings has announced a new appointment within its third-party capital management brand Lancashire Capital Management. Mathieu Marsan has been appointed as Portfolio Manager & Actuary for the firms Capital Management division.

Marsan joins Lancashire, subject to approval by the Bermuda Department of Immigration, with considerable experience that will be extremely valuable to Lancashire’s third-party capital management ambitions. He has 13 years of experience in the reinsurance and insurance-linked securities investment space, both managing ILS assets and also assessing risk with his actuarial background.

Prior to this appointment, Marsan spent 6 years with Pentelia Capital Management (Bermuda) Ltd, an ILS fund manager where he managed portfolios of catastrophe bonds, Industry Loss Warranties and collateralised reinsurance. His duties at Pentelia included risk modeling, portfolio construction and portfolio management of all ILS asset classes. Prior to his time at Pentelia, Marsan spent time 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 commented on the appointment; “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”.

Marsan commented on his move; “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”.