XL Catlin has appointed Daniel Brookman as senior vice president of alternative capital.
Brookman previously served as head of capital markets at Montpelier Re, where he developed and managed account investment strategies for institutional investors.
In his new role, Brookman will report to Wenzel and will coordinate XL Catlin’s alternative capital activities in Bermuda, including oversight of XL Underwriting Managers.
XL Catlin’s alternative capital unit was formally launched in 2013 and led by Craig Wenzel, head of alternative capital. This unit is focused on developing third-party relationships and assisted with the launch of New Ocean Capital Management.
Brookman will assist New Ocean in its continued build-out of investment opportunities for institutional investors and product design.
Wenzel commented: "Brookman’s hiring is a direct reflection on our ambitions to continue to grow our capabilities in the ILS and alternative capital space. I am confident that he will immediately make an impact at New Ocean while enhancing our long-term alternative capital strategy."
