HP Reinsurance SPC Ltd. (HP Re), a Cayman Islands based mostly reinsurer, and Hale Partnership Capital Advisors has introduced the hiring of Matt Walters as Chief Working Officer (COO) of HP Re, because the agency continues to develop in each the reinsurance and retrocession markets.
For these unaware, HP Re was established by North Carolina funding adviser Hale Partnership Capital Administration, a famend agency throughout the trade that invests throughout a spread of sectors, in private and non-private debt or fairness alternatives.
Walters, who will start his new duties on April 2nd, joins HP Re after spending his profession working at bulge bracket funding banks, having most just lately spent the final 5 years as Group Head of the Syndicated and Acquisition Financing group inside Wells Fargo’s Debt Capital Markets enterprise.
With twenty years of transaction expertise, Walters has led over 850 offers, elevating greater than $1.8 trillion in capital commitments, together with over $500 billion in underwritten financing for strategic transactions.
Amongst his obligations as COO, Walters has been tasked with main the expansion of HP Re by offering revolutionary options to world insurers and reinsurers, diversifying HP Re’s publicity, and driving its growth within the Loss Portfolio Switch (LPT) market.
Steve Hale, Chairman of HP Re, commented on Walters’ appointment: “Matt’s management and confirmed expertise executing advanced transactions throughout varied capital markets and geographies will permit HP Re to supply advanced and revolutionary capital options whereas increasing our presence within the reinsurance and retrocession markets.”
In the meantime, in January, HP Re entered into a $44 million transaction with insurance-linked securities (ILS) manager Elementum Advisors, which noticed HP Re assume a portfolio of enterprise underwritten between 2020 and 2022, that was held by portfolios managed by Elementum Advisors, LLC.
The deal represents a strategic growth for HP Re, highlighting the agency’s rising function in offering options for third-party capital suppliers and ILS fund managers.
