Sector developments and company hires

Europe

M&G Investments has appointed Vincent Charles-Gervais as portfolio manager within its ABS division. Charles-Gervais will report to James King, head of ABS portfolio management, and will be based in London. Charles-Gervais has 15 years’ experience in structured and alternative credit and joins from ICG where he was a portfolio manager for ICG alternative credit. Prior to that he held research and structuring roles at Zais Group, Lehman Brothers and AXA IM.

ILS

Markel CATCo ceo Anthony Belisle and ceo - Bermuda Alissa Fredricks are no longer with the company, after Markel policy violations relating to an undisclosed personal relationship were discovered during an internal review prompted by governmental inquiries into loss reserves recorded in late 2017/early 2018. The internal review continues, with no conclusions reached so far. However, management and oversight of Markel CATCo will be provided by Jed Rhoads (president and chief underwriting officer, Markel Global Reinsurance) and Andrew Barnard (senior md, head of international property catastrophe and retro reinsurance at Markel Global Reinsurance), while the search for a new ceo is underway.

US

Mayer Brown has hired Matthew Kluchenek as partner, based in the firm’s Chicago office. He specialises in derivatives work, including enforcement and regulatory matters. He was previously a partner at Baker McKenzie, heading up the firm’s global derivatives and hedge fund practice areas.