Saturday, 6 February 2016
Last updated 18 hours ago
Aug 23 2012 | 12:30pm ET
New York-based private equity firm Southport Lane has appointed Jim McNichols chief actuarial officer of its reinsurance group, Southport Re.
McNichols comes to Southport from Aon, where he served as a consulting actuary, leading dynamic risk modeling projects for insurance companies and large corporations. Prior to Aon, McNichols held several executive positions at XL Capital, including chief actuary and chief operating officer of the financial guaranty division.
In this new role, McNichols will be responsible for supporting reinsurance underwriting and directing quantitative risk analytics, as well as leading Southport Re's enterprise-wide risk management processes.
“Jim’s ability to synthesize insurance risk and capital market risk, combined with his modeling expertise, will be critically important in creating a profitable insurance and reinsurance platform,” said Glenn Weber, CEO of Southport Re. “The Southport platform was developed to operate within specific volatility parameters, and Jim will be crucial in achieving that goal as we grow.”
Southport Lane is a private equity firm founded in 2010 with a concentration in active investments in insurance and reinsurance companies.