Michael Halsband and Deanne Nixon have been named as the joint leaders of Sirius International Group’s new Insurance Linked Securities (ILS) team.
Bermuda based Sirius Group is the reinsurance unit of White Mountains Insurance Group.
Halsband joins Sirius Group from Deutsche Bank where he led the firm’s property and casualty insurance solutions practice. He will be based in New York and report to Allan Waters, president and CEO of Sirius Group.
Nixon joined Sirius Group in 2003 and most recently held the role of senior vice president for Sirius International Insurance Corporations Bermuda branch. She will be based in Bermuda and also report to Waters.
Waters said: “Capital markets participation in the property catastrophe risk arena is growing rapidly, changing the face of what has historically been one of the most profitable sectors in the traditional reinsurance business.”
“This strategic initiative leverages White Mountains’ and Sirius Group’s extensive successes in both capital markets executions and property casualty underwriting. The Sirius ILS team will provide their deeply knowledgeable experience and wisdom to our current and new partners who wish to access this rapidly developing market.”
