Everest to work with island investment firm

  • Strategic agreement: Everest Re is work with fellow Bermudian firm HSCM

    Strategic agreement: Everest Re is work with fellow Bermudian firm HSCM

Bermudian-based firms Everest Re Group and Hudson Structured Capital Management have agreed to work together.

Everest will invest across several of HSCM’s investment funds and will be the anchor investor in HSCM’s new insurance technology strategy due to be launched this year.

The companies said that they will work together to identify and capitalise on trends and themes across the spectrum of insurtech opportunities.

Dominic Addesso, CEO of Everest Re Group, said: “We look forward to working with HSCM to continue our efforts to drive innovation in the re/insurance market. We believe HSCM Bermuda’s unique skills will enhance our development of creative solutions and leverage the full strength of the Everest Re Group across the spectrum of reinsurance, insurance, and alternative capital.”

Vikas Singhal who leads HSCM Bermuda’s insurtech strategy, commented: “Insurtech is evolving quickly and offers a strong pipeline of opportunities that will bring fundamental change to the re/insurance experience. We expect that through our collaboration with Everest we will be able to improve the likelihood of success and returns for the companies in which we invest.”

The agreement will combine the investment experience of the HSCM team, and its investor capital, with Everest Re’s global underwriting expertise, appetite for risk, strong balance sheet and highly-rated reinsurance and insurance companies.

Michael Millette, managing partner of HSCM, added, “We are excited to be working with a leading global re/insurance company with the breadth and depth of capabilities that Everest possesses.”

You must be registered or signed-in to post comment or to vote.

Published Mar 20, 2018 at 9:43 am (Updated Mar 20, 2018 at 9:43 am)

Everest to work with island investment firm

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts