SAC Re Adds Property Cat. Underwriter

Oct 24 2012 | 4:37am ET

SAC Capital Advisors' nascent reinsurance business is growing.

Tim Duffin will join SAC Re next month from Platinum Underwriters in Bermuda. Duffin will serve as deputy property catastrophe underwriter.

He'll work under Kathleen Reardon, who joins the firm next week as chief underwriting officer for property, Trading Risk reports.

SAC launched its reinsurance business in Bermuda in July with $500 million in initial capital. The firm is led by Simon Burton, formerly CEO of Lancashire Holdings and Lancashire Insurance Co.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...