Bermuda
02 June 2017
Reporter: Stephanie Palmer

AlphaCat pounces for new portfolio manager


AlphaCat, the Bermuda-based investment advisor in insurance-linked securities (ILS) and other property catastrophe reinsurance investments, has appointed Bernard Van der Stichele as portfolio manager.

Van der Stichele brings 15 years of institutional investment experience, and joins from AQR Capital Management, where he served as vice president.

Before this, he was a senior investment analyst at the Ontario Teachers’ Pension Plan, where he is credited with developing the group’s first direct ILS investment strategy.

In his new role, Van der Stichele will report to AlphaCat CEO Lixin Zeng.

Zeng said: “We are delighted to welcome Bernard Van der Stichele to the AlphaCat team. With his impressive track-record and extensive knowledge of insurance-linked securities and reinsurance asset classes, we are confident that he will add tremendous value to AlphaCat.”

AlphaCat is a wholly-owned subsidiary of Validus Holdings, a holdings company for reinsurance and insurance operating companies.

In addition to Van der Stichele’s appointment, Chris Silvester, Validus Services’ executive vice president and head of US property underwriting, is set to take on additional responsibilities, taking the lead on AlphaCat’s business lead origination

Silvester will continue to report to Jeff Clements, executive vice president and chief underwriting officer.

Clements said: “As a proven business development leader, we look forward to having Chris Silvester further strengthen our offerings.”

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
NCCIA: North Carolina’s captive figures almost doubled in 2016
22 August 2017 | Charlotte | Reporter: Becky Butcher
The number of North Carolina’s licensed captive companies grew by 91 percent last year, while approved protected cells and series saw an increase of over 50 percent
NCCIA praises captive industry for work
22 August 2017 | Charlotte | Reporter: Becky Butcher
The North Carolina Captive Insurance Association Annual Conference kicked off this week with Thomas Adams, president and CEO, thanking those in the industry who have helped make the state’s captive market the success it is today
Willis Towers Watson reinforces employee benefit captive consulting
22 August 2017 | London | Reporter: Mark Dugdale
Willis Towers Watson has hired Paul Devitt as director in its global services and solutions consultancy practice, where he will focus on employee benefit captive consulting
Disappointing outcome for micro captives in Avrahami
22 August 2017 | Washington DC | Reporter: Becky Butcher
The US Tax Court has backed the Internal Revenue Service’s decision to deny Benyamin and Orna Avrahami access to the Internal Revenue Code Section 831(b) election for certain financial years
Central Bank of Malaysia calls for more captive data
21 August 2017 | Kuala Lumpur | Reporter: Mark Dugdale
The paucity of data on captives needs to be addressed as a matter of priority, according to Muhammad bin Ibrahim
Crawford & Company appoints Latin America lead
18 August 2017 | London | Reporter: Becky Butcher
Crawford & Company has named Roberto McQuattie as regional head of Latin America to oversee operations across the company’s network of 15 offices in the region
London to bring innovation to ILS market
18 June 2017 | London | Reporter: Becky Butcher
London will be able to bring the kind of innovation to the insurance linked-securities (ILS) seen in Guernsey’s first ever blockchain-backed deal, according to Malcolm Newman of SCOR