Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the hiring of former Hudson Structured Capital Management (HSCM) employee Jacqueline Muschett to the role of Managing Director, Head of Actuarial & Valuations.
Jacqueline Muschett has joined Elementum in Bermuda and will report directly to the firm’s Chief Financial Officer Mike France.
Muschett will have responsibility for Elementum’s processes around loss-reserving and determining fair value of investments, guiding and enhancing the ILS investment manager’s investment research, portfolio construction, and counterparty relationships.
Most recently, Muschett was Managing Director, Head of Valuations at HSCM in Bermuda.
HSCM has already filled the vacancy this move has left by promoting from within, with the announcement last week of Charlotte Kerr taking on the position of Head of Valuations.
Muschett has more than 15 years of experience in actuarial and valuation-focused roles and previously held senior positions throughout the reinsurance industry at such firms as Sompo International (formerly Endurance) and Montpelier Reinsurance.
“Jacqueline’s depth of expertise and hands-on actuarial experience bring an invaluable skillset to the team, and we’re excited for the opportunity to bring her talents into the fold as we continue our commitment to creating new layers of value for our investors and our firm,” explained Mike France, Managing Partner & CFO at Elementum. “In addition to enhancing our valuation capabilities, Jacqueline will be instrumental in supporting our business operations with a focus on enhancing such areas as capital efficiency, pricing, and portfolio risk management.”
Muschett also commented, “Elementum has a strong reputation in the insurance-linked securities sector, built on years of successful returns for its clients, as well as its unique high-touch approach. I look forward to joining this incredible team and continuing to build out capabilities that will meaningfully impact our clients.”
Muschett is the latest in a series of senior hires in Bermuda for Elementum, as the ILS manager continues to build-out its team on the island.
“We have an incredible team of individuals here in Bermuda with exceptional talent and diverse backgrounds,” added Paul Barker, Partner & Portfolio Manager and head of Elementum’s Bermuda office. “Jacqueline’s unique skillset and positive energy are a welcome addition and will complement the team while also bolstering our ability to deliver best-in-class service to our clients.”