Aeolus plucks ILS vet with Elementum/JP Morgan pedigree for key US role

Aeolus Capital Management, a Bermuda-based manager of insurance-linked securities (ILS), has found an alternative risk transfer and ILS business development professional with a background at Elementum and  JP Morgan to take up a key role at its US subsidiary.

Benjamin Somers (Pictured) has joined as managing director of business development at Aeolus Services, the US subsidiary of the ACM Group. Somers will be based out of the US and report to Aditya Dutt, partner and president.

Somers has nearly 25 years in business development, alternative asset management, debt capital markets and corporate banking. Prior to joining Aeolus, Somers was a partner and head of business development & investor relations at Elementum Advisors. During his tenure, he managed Elementum’s business development team, directed capital formation and investor relations and was a member of Elementum’s senior leadership team.

Prior to Elementum, Somers was a director on the emerging markets team at Stark Investments and worked in the asset management and corporate banking departments of JP Morgan and its predecessor firms.

Andrew Bernstein, CEO, partner and co-head of portfolio management, said: “Ben is one of the stand-out business development professionals in the insurance-linked securities asset class and I am thrilled to be adding a professional of his caliber to Aeolus.”

Dutt added: “It is a pleasure to welcome Ben to the Aeolus team. We believe his skillset, capabilities and experience will continue to enhance our focus on serving our clients and partners.”

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