Montauk Level has been launched in Bermuda by well-known reinsurance business government Adam Szakmary to supply impartial advisory companies to third-party danger capital suppliers.
Montauk Level might be agnostic to the type of capital being deployed, whether or not conventional rated reinsurance safety or insurance-linked securities (ILS) backed, Szakmary defined.
The corporate explains itself as “a associate in navigating the complexities of re/insurance coverage market capital participation,” and can concentrate on serving to third-party capital suppliers in areas reminiscent of portfolio development, portfolio administration lifecycle targets, and different strategic portfolio concerns.
Montauk Level founder Adam Szakmary was the Chief Underwriting Officer (CUO) and Portfolio Supervisor of specialist ILS and third-party reinsurance capital supervisor AlphaCat, having joined that firm in 2021.
Previous to that, Szakmary was the Co-CUO for Hiscox Group’s reinsurance arm, Hiscox Re & ILS and in addition held the position of Director of Underwriting for Hiscox Insurance coverage Firm (Bermuda) Ltd.
Earlier than which he labored at Montpelier Re, the place he additionally had portfolio administration and government management of the agency’s third-party capital ILS administration unit.
Szakmary’s imaginative and prescient for the Montauk Level enterprise is to, “present impartial underwriting and portfolio administration advisory companies to danger capital suppliers equally, supporting shoppers on reaching steady danger adjusted returns and draw back danger administration,” he defined.
“We carry the underwriter to the desk for our shoppers,” Szakmary advised Artemis. “Offering skilled perception knowledgeable from quantitative and qualitative views, whereas all the time appearing as an unconflicted impartial advocate for them.”
There might be a spotlight at Montauk Level on the availability of companies to danger capital suppliers within the capital markets, on assumed quota share reinsurance, and captive entities as nicely.
With a purpose to assist in maximising returns and capital preservation, based mostly on consumer strategic or custom-made objectives.
Recommendation on hedging methods can even be a key providing, as too will reinsurance contract evaluations, know-how and analysis consulting and enterprise capital advisory.
With Szakmary’s robust background in underwriting and portfolio administration for capital markets and third-party capital methods in reinsurance, it’s no shock that Montauk Level may have a deal with such areas of the market, to assist buyers and allocators higher perceive and extra successfully deploy capital into the insurance coverage panorama.
