Sector developments and company hires

Assured wraps Euro CLO pair
Assured Guaranty has over the last month wrapped a portion of debt issued by two European CLOs for European investors. Assured Guaranty (Europe) guaranteed €125m of triple-A rated class A notes issued by NIBC Bank’s North Westerly V CLO, while Assured Guaranty Corp and Assured Guaranty UK co-guaranteed €100m – in aggregate – across the triple-A through single-A rated class A1, A2A and B notes issued by Blackstone’s Tymon Park CLO. In both transactions, investors in the guaranteed notes were able to reduce the level of regulatory capital consumed by the CLO exposure.

EMEA
Barbara Lambotte has joined Aegon as senior investment manager - private credit, based in The Hague. Lambotte was previously svp, risk, pricing and bank readiness at OnDeck. Before that, she was vp and co-head of capital markets at SoFi and associate md in Moody’s US asset finance group, having begun her career at JPMorgan.

Alvarez & Marsal has appointed Robert Bradbury as head of structured credit execution, based in London. Bradbury was previously md, global head of structuring and advisory at StormHarbour, which he joined in November 2015. Before that, he worked at Societe Generale and Barclays.

Thomas Akin has joined Whitecroft Capital Management as an investment director in its portfolio management team, focusing on originating, structuring and managing new and existing risk-sharing transactions. He was previously a director in StormHarbour’s structuring team and before that, was a member of Santander's securitisation team responsible for regulatory capital relief and funding transactions.

North America
Geoffrey Horton has joined BlackRock as a CLO research analyst, based in New York. He was previously a global CLO and loan strategist at Barclays, and before that was a CLO and commercial ABS research associate at Wells Fargo.

Everest Re Group has appointed John Modin as president of Mt. Logan Re, effective from 30 September 2021. Modin was previously an md in Citi’s financial services group and head of insurance solutions. He has over 30 years of experience in the financial services, ILS and insurance markets and succeeds David Whiting, current president of Mt. Logan, who is retiring.

Palomar Holdings has recruited Chris Cebula as svp, reinsurance, responsible for the management and execution of the company’s risk transfer strategy. Cebula was previously a portfolio manager at Elementum Advisors, where he developed portfolio strategy for the firm’s catastrophe bond-focused client accounts and led a team responsible for investment research and due diligence.