Howden Capital Markets & Advisory (HCMA), the insurance coverage and reinsurance dealer’s capital markets and insurance-linked securities (ILS) specialist unit, has appointed Des Potter as an Unbiased Non-Govt Director for its UK enterprise.
Potter has greater than 40 years of expertise in reinsurance broking, funding banking, and company finance, a major quantity of which has included a give attention to insurance-linked securities (ILS).
Potter has additionally been instrumental in London’s ambitions to convey ILS enterprise to the UK, having labored alongside authorities and regulators by means of the event of the UK’s ILS laws and extra not too long ago labored with Lloyd’s because it developed and expanded its third-party capital enterprise by means of the London Bridge ILS buildings.
Potter joins Howden Capital Markets & Advisory at a time when the corporate has been increasing its exercise in disaster bonds and different insurance-linked securities (ILS) placements.
Most not too long ago, Potter has been working as a special advisor to Lloyd’s CFO and COO Burkhard Keese, centered on enhancing Lloyd’s capital framework and the devices accessible to traders to allocate capital to assist underwriting at Lloyd’s.
Earlier than that, Potter spent ten years at reinsurance dealer Man Carpenter and was additionally a key member of the London Market Group’s ILS taskforce that labored on the event of the UK Threat Transformation laws.
Previous to which, he held senior administration positions at reinsurance dealer unit Aon Benfield Securities Ltd. and Benfield Advisory, whereas the early a part of his profession was spent within the company and funding banking divisions of Barclays Financial institution.
Jarad Madea, CEO, Howden Capital Markets & Advisory, commented on the information, “We’re happy to welcome Des Potter as a NED in London. His in depth and spectacular observe report in reinsurance, capital markets, and threat administration will likely be a beneficial addition as we proceed to drive progress and innovation. We welcome Des’s contribution to additional improve our strategic route within the UK market.”
Leo Beckham, Howden Capital Markets & Advisory’s Head of UK & Europe, added, “Des’s in depth govt expertise and deep perception into the reinsurance sector, notably in ILS and capital markets, will likely be invaluable to HCMA. I’m trying ahead to working with Des once more, and we look ahead to leveraging his experience as we proceed to develop and develop the enterprise.”
Des Potter, Unbiased Non-Govt Director, Howden Capital Markets & Advisory, said, “I’m delighted to be becoming a member of HCMA UK. I’ve identified the group for a few years and have been extraordinarily impressed by the modern and shopper centered approach the enterprise has developed. I look ahead to contributing to its continued success.”
