May 3, 2012 Focus on ConvergenceThe convergence of the reinsurance and capital markets can be attractive to fund managers for several reasons. Insurance linked securities (ILS) are a key subset of the convergence market; HFMWeek spoke to Brian Desmond and Andre Perez of ILS Fund Services Ltd about the popularity of these products in Bermuda
May 3, 2012 Focus on Convergence
HFMWeek May 3, 2012 Issue
The convergence of the reinsurance and capital markets can be attractive to fund managers for several reasons. Insurance linked securities (ILS) are a key subset of the convergence market; HFMWeek spoke to Brian Desmond and Andre Perez of ILS Fund Services Ltd about the popularity of these products in Bermuda
Mar 2, 2012 Horseshoe Group Announces Expansion in IrelandHorseshoe Group is pleased to announce the expansion of its operations to Ireland with the establishment of Horseshoe Management (Ireland) Limited (“Horseshoe Management Ireland”)
Mar 2, 2012 Horseshoe Group Announces Expansion in Ireland
Hamilton, Bermuda. March 2, 2012.
Horseshoe Group is pleased to announce the expansion of its operations to Ireland with the establishment of Horseshoe Management (Ireland) Limited (“Horseshoe Management Ireland”)
Horseshoe Management Ireland will focus on the administration of catastrophe bond SPVs and other ILS structures. It will provide all required services, including but not limited to:
Acting as the Administrator
Provision of Directors
Acting as registered office
Preparing and filing of all the necessary returns and reports of the SPV
Preparation of financial statements
Dealing with claims under the Collateral obligations
Monitoring collateral levels
Answering queries from investors and coordinating with sponsors
Horseshoe Management Ireland will build on the global expertise of the Horseshoe Group in managing Insurance-Linked Investment structures such as catastrophe bonds, sidecars and transformers, to deliver superior insurance management services.
Andre Perez, CEO of Horseshoe Group, noted that, “We are pleased to have established a presence in Ireland. It was extremely important for us to be in Ireland considering our presence in the ILS market. With our office in Ireland, it now gives us a presence in the three major ILS domiciles, Bermuda, the Cayman Islands and Ireland, thereby enabling us to better meet our clients’ need.”
Horseshoe Management Ireland will be led by Thomas Heise. Tom will be responsible for overseeing the Irish operations and developing our European platform for providing insurance management and advisory services. He has over ten years of experience in insurance, reinsurance, collateralized reinsurance, and insurance securitization. Prior to joining the Horseshoe Group, Tom held several senior executive roles with international, domestic, public and private insurance and financial services companies, including total responsibility for the operations of a start-up and a subsidiary of a Fortune 100 company. He is experienced in start-up and turn around environments with extensive knowledge in new product development, financial, legal, and regulatory matters. He holds a B.A in History from Northwestern University.
“We are very pleased to welcome Tom to Horseshoe. This continues the Horseshoe Group’s commitment of hiring seasoned professionals to provide superior advisory and management services to best meet the need for increased sophistication of ILS service providers.” said CEO, Andre Perez.
About Horseshoe Group
Horseshoe Group offers a broad array of management and advisory services to insurers and reinsurers, sidecars, dedicated reinsurance funds, hedge funds and private equity firms, Lloyd’s affiliates and investment banks. For more information please visit www.horseshoeglobal.ie.