HAMILTON, Bermuda–(BUSINESS WIRE)–Karson Management (Bermuda) Limited (“Karson”), the innovative FinTech platform that provides capital-efficient solutions for financing & collateral, investing & asset management as well as risk transformation, is pleased to announce the appointment of Martin Kauer as Executive Partner.
Martin Kauer is a senior executive reinsurance, finance, corporate finance and investment banking professional with more than 30 years of experience as Chief Executive Officer, Chief Financial Officer and Chief Operating Officer in the insurance industry and in investment banking. Prior to Karson, Martin successfully managed Asia Capital Re and Glacier Re, after the two entities were acquired by the Catalina Group. Before that, he was the CFO of Zurich Re which was spun off as Converium and listed at the SIX Swiss Exchange and at the NYSE. Martin also worked as an investment banker for Bank Vontobel and UBS, where he managed the demutualization of Swiss Life in 1997.
Martin commented: “I am excited to join Karson at this juncture of its development and to drive the transformation of Karson’s unique platform design into one that supports sustainable growth going forward using my in-depth knowledge in reinsurance and investment banking.”
Derrell Hendrix, Karson’s CEO, commented: “I worked with Martin as he shaped Zurich Re into an integrated global reinsurance platform and in taking that platform to the public market as Converium. Since then, I have seen Martin successfully integrate two other major reinsurers into Catalina and believe his extensive expertise in reinsurance and investment banking will be a very valuable resource for Karson’s further development.”
Since 1996, Karson Management (Bermuda) Limited and its affiliates (“Karson”) have executed cash and risk financing transactions with an aggregate volume of almost $20 billion covering a wide range of asset classes. Karson’s FinTech platform enables investors to access attractive risk-adjusted returns while providing solutions to the capital, liquidity and collateral challenges facing insurance, banking and asset-management organizations. It does so via structured-finance transactions with limited credit risk as well as via proportional interest notes that convey a pro rata participation in each underlying asset. Karson cooperates with leading business partners on a platform that uses standardized structures, documentation and procedures to drive cost efficiencies and reduce execution risk. Karson’s solutions are scalable and replicable. Karson’s innovative products are endorsed by regulators and supported by rating agencies.