Non-public fairness agency Altamont Capital Companions has added Brad Fischtrom, beforehand Chief Working Officer of insurance coverage expertise (insurtech) and insurance-linked securities (ILS) centered firm, Ledger Investing, as an Working Accomplice with a deal with investments within the property and casualty (P&C) insurance coverage area.
Fischtrom joins after almost four years with Ledger Investing, and can use his in depth trade expertise and Altamont’s strong community of sources and capabilities within the insurance coverage sector to strategically advise on P&C insurance coverage investments.
He’s been working within the P&C insurance coverage universe for greater than 20 years, with experience in re/insurance coverage threat and capital administration, capital markets and ILS, underwriting, operations, finance, and likewise analytics.
Previous to Ledger, Fischtrom spent a decade with international insurer AIG in quite a lot of roles, finally turning into Chief Danger Officer for International Industrial and North America P&C insurance coverage. He additionally labored at Towers Watson (now WTW) for nearly three years as a guide, and spent greater than 4 years with dealer Aon as an Assistant Vice President.
Altamont expects Fischtrom’s appointment to help with and construct on its achievements investing within the insurance coverage sector.
Since being based in 2010, Altamont has made 10 insurance coverage platform investments and accomplished over 75 add-on acquisitions, and has really incubated plenty of these firms from scratch.
In his new function, Fischtrom will work intently with the P&C firms throughout Altamont’s portfolio to use his in-depth trade information and assist speed up their respective value-creation plans, explains the agency.
Altamont Managing Director, Sam Gaynor, mentioned, “Brad brings a singular perspective to our insurance coverage group, geared up with information and experience on the operations of firms from early-stage start-ups to massive, international companies.
“Increasing our group to include his information of all sides of enterprise growth and threat administration operations is essential to Altamont’s development. We’re excited to proceed to develop our insurance coverage portfolio and assist our present companions along with his expertise.”
Commenting on his new function, Fischtrom added, “Altamont has distinguished itself as a pioneer investor within the insurance coverage sector. The agency’s ecosystem of portfolio firms gives a particular platform for development synergies and investments throughout the worth chain.
“I’m keen to use my experience in operations, expertise, and threat and capital administration to develop the worth of the present portfolio and contribute to forward-looking methods.”
