HSCM Bermuda, the reinsurance and ILS related investment arm of Hudson Structured Capital Management Ltd., has announced two promotions to senior positions within its team.
First, Rachel Bardon, who has been with HSCM since 2016 and played a key role in developing the firm’s investing, valuation, and modeling practices.
Back in 2019, Bardon 2019 became a Partner and Chief Actuary of HSCM, focusing on the firm’s insurance credit origination and deployment over the past several years.
Bardon becomes Deputy Chief Investment Officer – HSCM Bermuda, effective September 1st, and will now work alongside HSCM’s Managing Partner and Co-Founder Michael Millette to lead, develop, and enhance the firm’s re/insurance strategy.
Bardon will still lead the strategy’s reinsurance debt investing and offshore investment activity as well.
“High quality insurance-related debt continues to hold attractive risk premium due to the complexity of the investment. I am thrilled to be spearheading our continued growth in this sector,” Bardon explained.
“As this strategy grows, I am looking forward to continued work enhancing our investment processes and practices as Deputy CIO of our broader re/insurance strategy.”
In addition, Gokul Sudarsana has also been promoted to Chief Actuary – HSCM Bermuda, pending immigration approval and also effective September 1st.
Sudarsana joined HSCM in 2020 as a Managing Director and has developed and lead life insurance investing for the strategy at the firm.
He has also taken a key role in helping to improve HSCM’s modeling capabilities across the strategy.
Before joining HSCM, Sudarsana led Deloitte’s actuarial service offerings in Bermuda and the Caribbean
“It has been an exciting and rewarding experience to collaborate with my HSCM colleagues over the past two years and I am looking forward to continue to support the firm’s growth in this expanded role,” Sudarsana added.
“Rachel’s and Gokul’s leadership in developing our broader insurance business has been critical,” Millette said. “We and our investors look forward to their work in these expanded roles.”