Montauk Level has been launched in Bermuda by well-known reinsurance trade govt Adam Szakmary to supply impartial advisory providers to third-party threat capital suppliers.
Montauk Level will likely 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 companion in navigating the complexities of re/insurance coverage market capital participation,” and can specialize in serving to third-party capital suppliers in areas corresponding to 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 likewise held the function 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 govt 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 providers to threat capital suppliers equally, supporting purchasers on reaching steady threat adjusted returns and draw back threat administration,” he defined.
“We carry the underwriter to the desk for our purchasers,” Szakmary instructed Artemis. “Offering professional perception knowledgeable from quantitative and qualitative views, whereas at all times performing as an unconflicted impartial advocate for them.”
There will likely be a spotlight at Montauk Level on the supply of providers to threat capital suppliers within the capital markets, on assumed quota share reinsurance, and captive entities as nicely.
With a aim to assist in maximising returns and capital preservation, primarily based on shopper strategic or custom-made objectives.
Recommendation on hedging methods may also be a key providing, as too will reinsurance contract opinions, expertise and analysis consulting and enterprise capital advisory.
With Szakmary’s sturdy background in underwriting and portfolio administration for capital markets and third-party capital methods in reinsurance, it’s no shock that Montauk Level could have a concentrate on such areas of the market, to assist buyers and allocators higher perceive and extra successfully deploy capital into the insurance coverage panorama.