Tangency Capital Ltd., an insurance-linked securities (ILS) investment manager focusing on quota share reinsurance business, has hired ex-AlphaCat employee Jo Stanton.
Stanton, who is based in Bermuda and starts with the firm on May 1st, will take on responsibility for development of finance and operations systems at Tangency.
But, considering her significant experience in reinsurance and ILS, she will also add to the strategic depth of the company, Tangency said.
Stanton most recently worked at AlphaCat Managers Ltd., the ILS unit of reinsurance firm Validus now owned by AIG, for around six years.
Her most recent role at AlphaCat was as Chief Financial Officer, in which she oversaw financial management, reporting and operational aspects of the ILS fund manager.
Prior to her time at AlphaCat, Stanton consulted for a number of reinsurance companies, assisting with implementation of reporting requirements and capital testing as well as acting as an interim CFO.
“We are very excited to have Jo join our team,” Dominik Hagedorn, Partner at Tangency commented. “She has a proven track record of helping ILS managers grow their footprint while ensuring operational excellence.”
Tangency Capital had around $100 million under management at the start of this year. The firm aims to offer an interface between high-quality institutional investors, such as pension funds, and reinsurance protection buyers who want to deal with quota share specialists.
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