HAMILTON, Bermuda, May 14, 2013 /PRNewswire/ -- Sirius International Group, Ltd. (Sirius Group), the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd. (NYSE: WTM), today announced the formation of a dedicated team to lead its strategic initiative in the Insurance Linked Securities (ILS) / reinsurance capital markets convergence arena.
The new initiative will be jointly led by Michael Halsband in New York and Deanne Nixon in Bermuda, both of whom will report to Allan Waters, President and CEO of Sirius Group.
Michael Halsband joins the Sirius Group from Deutsche Bank where he led the firm's P&C Insurance Solutions practice, most recently as Director in the Capital Markets and Treasury Solutions Group. Previously, he was a Vice President at Goldman Sachs in the Financing Group where his responsibility included origination, structuring and marketing of sidecars, cat bonds and other insurance securitizations. Michael has more than 23 years experience in banking, law and (re)insurance.
Deanne Nixon joined the Sirius Group in 2003 and brings more than 23 years underwriting experience in the (re)insurance industry to this role. She was most recently Senior Vice President for Sirius International Insurance Corporation's Bermuda Branch where she held core responsibilities for the company's U.S. property catastrophe, retrocessional, ILW and Cat Bond assumptions.Allan Waters commented, "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." ADDITIONAL INFORMATION
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV