Sector developments and company hires

Mortgage Industry Standards Maintenance Organization (MISMO) has formed a BWIC data development workgroup, with the aim of standardising the BWIC format to facilitate accuracy, liquidity and rapid pricing for MBS transactions. The initiative focuses on creating a standard format for MBS sellers to present BWIC data to security dealer desks. The workgroup intends to address the growing number of MBS transactions and the challenges that dealers have of keeping up with increased demand.

In other news…

North America

Horseshoe has recruited Ben Wright as senior vp of Insurance Management for the Bermuda-based ILS specialist. Wright will lead the Artex-owned firm’s client servicing efforts in Bermuda, and is joining from EY in Bermuda - where he worked for over 10 years gaining expertise in asset management, ILS and insurance or reinsurance management.

Vida Capital has announced the appointment of Zachary Ainsberg as new md and chief of staff. With over a decade of investment management and business development experience, Ainsberg will join from Sculptor Capital Management where he most recently worked in corporate strategy. He will join the alternative investment manager’s New York office, and report to new president and ceo, Blair Wallace, where he will work to build on the firm’s strategic projects and growth initiatives.