RenRe Capital Partners hires Sompo’s Varwandkar as cat bond PM


RenaissanceRe Capital Partners has made another key hire, adding Manjit Varwandkar as a Portfolio Manager for the firm’s catastrophe bond investments focused Medici Fund strategy.

manjit-varwandkar-renaissance-re-capital-partnersThe third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe) has been expanding its team of specialists in recent months, with Varwandkar the latest to join.

As a Vice President and Portfolio Manager for the RenaissanceRe Medici Fund strategy, Varwandkar will report to Sebastien Iaxx and remain based in Bermuda.

Varwandkar joins RenRe Capital Partners from his most recent role at Sompo International in Bermuda.

He had worked for Sompo International and its predecessor companies since 2007, with his most recent position being as the lead for the Parametrics Product Line for Sompo Global Risk Solutions (GRS).

In that role, Varwandkar was responsible for the product development, structuring and underwriting of Sompo International’s parametrics product portfolio.

Before that, Varwandkar was responsible for the portfolio management, product development and actuarial functions at Blue Capital Management, Sompo’s insurance-linked securities (ILS) asset manager unit.

He also served in a number of roles spanning planning, actuarial, and risk analytics at Montpelier Re, the previous parent to Blue Capital.

“We’re excited to welcome Manjit to the team, our cat bond fund has experienced significant inflows over the last 12 months, and I’m sure he’ll play a major part in the continued success of the strategy,” Chris Parry, Global Head of Capital Partners told Artemis.

Last week we reported that RenRe Capital Partners had hired Lucy Briggs as Vice President and Head of Risk.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.