Markel CATCo promotes chief risk officer to CEO Bermuda

Markel CATCo Investment Management has appointed Alissa Fredricks as its new chief executive officer, Bermuda.

In her newly-created position, Fredricks will assume responsibility for all of Markel CATCo’s operations at its registered offices in Bermuda.

Fredricks, who joined Markel CATCo in May 2016, was previously the chief risk officer where she oversaw the company’s portfolio and all underwriting activity. She will continue with this responsibility as part of her new role.

Prior to joining Markel CATCo, Fredricks was with AIR Worldwide where she was responsible for leading catastrophe risk modelling consulting services for the insurance, reinsurance, and insurance-linked securities (ILS) markets.

Fredricks will report to Tony Belisle, chief executive officer. Her expanded role will allow Belisle to remain focused on the portfolio strategy and further product innovation, the company said.

"Markel CATCo is expected to grow to approximately $6 billion in 2018, an increase of over 30 percent in a year," Belisle commented. "This significant growth has created the opportunity to appoint Alissa who will lead the team on a day-to-day basis.

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