Markel Hires Slade from Hamilton Capital as President of Its New ILS Fund, Lodgepine

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Markel Corp. introduced it has employed Brenton “Brent” Slade as president of Lodgepine Capital Administration Ltd., its new retrocessional insurance coverage linked securities (ILS) fund based mostly in Bermuda.

Slade involves Lodgepine from Hamilton Capital Companions, the place he had been senior vp since Could 2018. Earlier than that, he was chief working officer for the Horseshoe Group, the place he led world enterprise operations. Between 2005 and 2013, Slade was a member of the chief committee and chief advertising and capital markets officer for Flagstone Reinsurance, chargeable for capital market initiatives, together with capital construction transactions and ILS, cat bond and sidecar companies, in addition to investor relations and firm-wide advertising.

Brenton Slade

Markel lately launched Lodgepine along with a reinsurance firm, Lodgepine Re. Lodgepine’s preliminary product providing would be the Lodgepine Fund, a property disaster retrocessional funding fund forward of the 2020 renewal interval. The fund will present traders with entry to property disaster retrocession publicity through a single-entry level and platform, providing cedents a collection of property retrocession merchandise with the power to have protection supplied both on a collateralized foundation, written by Lodgepine Re, or on a rated paper foundation written by Markel Bermuda Ltd., or a mixture of each.

“Third-party capital will proceed to play a serious position in our trade and Markel has strategically positioned itself to be an trade chief within the critically essential ILS market,” Slade mentioned. “I’m delighted to have the chance to construct Lodgepine into a considerable presence within the ILS asset market and a real complement to Markel’s Nephila and State Nationwide capabilities.”

“We’re very happy to have Brent be part of our senior administration group at Lodgepine,” mentioned Andrew “Barney” Barnard, chief government officer of Lodgepine. “Brent’s expertise in ILS, reinsurance and different investments shall be essential in serving to Lodgepine develop as a big institutional ILS asset supervisor.”

Supply: Markel Corp.

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