Tangency Capital Ltd., the insurance-linked securities (ILS) investment manager that has a focus on quota share reinsurance business, has hired experienced ILS actuary and analyst François Delattre as the firms new Head of Analytics.
Delattre will be joining Tangency Capital towards the end of the third-quarter of the year and brings around eight years of experience gained in dedicated insurance-linked securities roles at major insurance and reinsurance firms.
Delattre first joined French reinsurance firm SCOR’s ILS team back in 2010 as an ILS Quant Analyst, spending just less than four years helping the firm develop its ILS investment portfolios and also assisting with management of a catastrophe bond fund.
He then moved on to work for Hiscox as an ILS Actuary, where he was responsible for much of the build-out of the necessary analytical infrastructure for the Kiskadee ILS and collateralised reinsurance platform.
Delattre developed analytics and reporting tools for Kiskadee, as well as analysing specific transactions and providing support to both the asset manager and the parent re/insurer.
With a background steeped in analytics, but also being a qualified actuary, and having a career dedicated to understanding ILS assets and transactions, Delattre brings useful skills to the Tangency Capital team, which is made up of experienced ILS investment and reinsurance convergence focused executives, Dominik Hagedorn (previously at Deutsche Bank), Kai Morgenstern, (formerly of RenaissanceRe) and Michael Jedraszak (formerly CIO of ILS at Hiscox).
Speaking to Artemis, Michael Jedraszak said, “Francois is a very high calibre individual, we are therefore very pleased that François will be joining Tangency.”
Tangency deployed all of its initial $50 million investment capital raise at the mid-year renewals and is now looking ahead to the key January 1st 2019 renewal season, with an expectation that more capital will be raised from investors allowing the firm to expand its quota share relationships with carriers.
Tangency Capital aims to be an interface between high-quality institutional investors such as pension funds and protection buyers who want to deal with an experienced team when arranging quota shares. Here the team Tangency is building is perfectly positioned to leverage its experience and connections to build attractive portfolios of reinsurance risks.