Our Team

We have built an organisation that attracts people of only the highest calibre, with great experience and expertise.

Management

Vegard Nilsen

CEO

Vegard Nilsen

CEO

Vegard joined Securis as Chief Operating Officer during its start-up phase in 2005, he has since been responsible for all operational aspects of the business and instrumental in building out the Securis infrastructure and team. Vegard is based in London and was appointed CEO in April 2018. In this capacity has the day-to-day responsibility for all aspects of the firm’s world-wide business which comprises of offices in the UK, the US, Bermuda, Switzerland, and Japan. Vegard is a Partner and member of the Executive Committee, Senior Leadership Committee, Operational Governance Committee, LLP Risk Management Committee, Reserving Committees and Non-Life Event Response Committee. He is a member of the Board of Directors, Remuneration Committee and Group Supervisory Board. Vegard also serves as a Director on a number of additional Securis related entities. Vegard joined Securis in from Orn Capital LLP, a London based multi strategy alternative asset manager. Vegard moved to London in 1998 after graduating from the Norwegian School of Management. He spent the summer of 1997 working as an intern at Salomon Brothers and subsequently joined them full time after graduating.

UK |

Portfolio Managers

Herbie Lloyd

CIO

Herbie Lloyd

CIO

Herbie is responsible for the Firm’s portfolio strategy and investment selection. Herbie is a Partner and member of the Executive Committee, Senior Leadership Committee, Non-Life Event Response Committee and Loss Reserving Committee, as well as head of the Portfolio Management Group and Investment Committee. He also regularly attends the LLP Risk Management Committee. Since joining Securis in January 2013, Herbie has held numerous key roles across origination and underwriting as well as portfolio management. Prior to joining Securis, Herbie led Guy Carpenter’s London Property and Retro Analytics team. Herbie started his actuarial career at Tillinghast (now Willis Towers Watson) in 2002. Herbie holds Honours degrees in both Mathematics and Financial Services and is a Fellow of the Institute of Actuaries (2007).

UK |

Philippe Shaw-Jackson

Senior Portfolio Manager

Philippe Shaw-Jackson

Senior Portfolio Manager

Philippe is responsible for aiding the CIO with portfolio construction and investment decisions in his role as Senior Portfolio Manager. Philippe is a Partner and a member of the Portfolio Management Group, Senior Leadership Committee, Investment Committee and Loss Reserving Committee. He also regularly attends the LLP Risk Management Committee. During his 17+ year tenure at Securis, Philippe has been instrumental in building the Fund Operational and Risk Management frameworks. Prior to joining Securis in November 2006, Philippe worked as an accountant for EMI Records and Discovery Networks having obtained in 2001 a joint Honours Bachelor of Commerce in Business & French from the University of Edinburgh.

UK |

Raphael Rayees

Portfolio Manager (Bonds)

Raphael Rayees

Portfolio Manager (Bonds)

Raphael is responsible for the analysis and trading of catastrophe bond investments and other liquid securities in his role as Portfolio Manager (Bonds). Raphael is a member of the Senior Leadership Committee, Portfolio Management Group, Investment Committee (Bonds) and Non-Life Event Response Committee. Raphael joined Securis in September 2016 from Aon Securities where he was an ILS structurer for four years. Prior to Aon he worked at Lloyd’s of London in Investment Management and Analysis, and at Rolls Royce as an Aerospace Engineer. Raphael graduated from the University of Bath with an MEng (Hons) in Aerospace Engineering.

UK |

Antonio Pombeiro

Portfolio Manager (Life)

Antonio Pombeiro

Portfolio Manager (Life)

Antonio is responsible for aiding the CIO with Life portfolio construction, management and investment decisions in his role as Portfolio Manager (Life). Antonio is a member of the Senior Leadership Committee, Portfolio Management Group, Investment Committee (Life) and Reserving Committee (Life). He also regularly attends the LLP Risk Management Committee. Prior to joining Securis in March 2018, Antonio worked for Nomura International Plc in the Insurance Solutions Group (IBD) team focusing on capital management solutions for life insurance companies. His experience at Nomura includes transactions such as reinsurance of a closed block of medically underwritten annuities, commission financing and Loss Absorbing Capacity of Deferred Taxes (LAC-DT) solutions among others. Prior to joining Nomura, Antonio worked at Ernst &Young’s Actuarial/FSO services in Portugal focusing on Solvency II implementation. Antonio holds a Master of Science in Statistics (Financial Statistics) from LSE and a BSc (Hons) in Economics and Actuarial Science from University of Southampton. He is a part-qualified actuary by the IFoA.

UK |

Alexandre Bruls

Portfolio Manager

Alexandre Bruls

Portfolio Manager

Alex is responsible for helping the CIO in planning and managing portfolios as well as investment decision in his role of portfolio manager. Alex joined Securis in 2017. Prior to joining the portfolio management team, he worked in operations and as a Non-Life investment analyst. As part of the Portfolio Management Group, Alex has been instrumental in perfecting the investment decision and portfolio construction process. Alex is a member of the Investment Committee and Non-Life Event Response Committee, and also regularly attends the LLP Risk Management Committee. Alex holds a BSC in Economics and a first class honours MSC in finance from University of Louvain (Belgium).

UK |

Tiyasha Auddy

Head of Client Portfolio Management

Tiyasha Auddy

Head of Client Portfolio Management

Tiyasha is responsible for managing key strategic investor and consultant relationships. The role sits within the Portfolio Management Group, working closely with the CIO on portfolio strategy and communication with clients. Tiyasha is a Partner and a member of the Senior Leadership Committee. Tiyasha has also been responsible for designing the ESG investment strategy. After joining Securis in 2013, Tiyasha was involved in the origination, analysis and underwriting of private non-life reinsurance and retrocession opportunities, before moving into portfolio management from 2019. Prior to joining Securis, Tiyasha spent two years modelling catastrophe risk in Guy Carpenter’s Global Analytics team. In 2011, Tiyasha graduated with a MEng (Hons) degree in Civil Engineering from Imperial College London, specialising in Seismology.

London |

Advisor

Andrea Cavalleri

Advisor (Life)

Andrea Cavalleri

Advisor (Life)

Andrea is responsible for advising on Life-related projects and opportunities. Since joining Securis in February 2007, Andrea has been contributing to the creation and growth of the life business, heading the life team for ten years and as Strategic Portfolio Advisor and Portfolio Manager. Prior to joining Securis, Andrea had spent over 10 years with Morgan Stanley in London, which he joined in March 1996. From June 2003 until his departure, he was an Executive Director in Morgan Stanley’s Global Capital Markets Department. As such, he was responsible for the Asset Liability Management/strategic coverage of Italian pension funds and life insurers. Andrea graduated in Financial and Monetary Economics at Bocconi University in Milan, Italy.

Switzerland |

Underwriting

Paul Larrett

CUO

Paul Larrett

CUO

Paul heads up the investment team and, in addition, is responsible for non-life transaction analytics, underwriting and ensuring consistency in the way merits of all non-life transactions are compared. Paul is a Partner and member of the Executive Committee, Senior Leadership Committee, Non-Life Reserving Committee and Non-Life Event Response Committee and as well as regular attendee of the LLP Risk Management Committee and Investment Committee. Paul has also managed the Securis Bermuda office since May 2014. Paul joined Securis in August 2012, from Montpellier Re where he was responsible for teams in Property Catastrophe, Property Specialty and Other Specialty Treaty underwriting. Previously he worked in the London market as a Treaty Reinsurance Underwriter at both Danish Re and Copenhagen Re, beginning his experience as a graduate in 1992 with Wellington Underwriting Agencies. Paul is a graduate of Bristol University and completed the Wharton Business School Executive Development Programme.

Bermuda |

Richard Godfrey

Deputy Underwriting Officer & Portfolio Manager (Bonds)

Richard Godfrey

Deputy Underwriting Officer & Portfolio Manager (Bonds)

Richard is responsible for ensuring the underwriting/investment process is robust and consistent across the Non-Life business, with a particular focus on transaction documentation and execution in his role as Deputy Underwriting Officer. He holds dual responsibility as a Portfolio Manager for Securis’ catastrophe bond Funds. Richard is a Partner and member of the Senior Leadership Committee, Non-Life Event Response Committee, Investment Committee (Bonds) and Non-Life Reserving Committee. He also regularly attends the LLP Risk Management Committee. Richard joined Securis in March 2014 and has over 30 years of experience in the London reinsurance market, having been involved in the origination, structuring and distribution of catastrophe bonds and private risk transfer transactions, since their emergence. During this time, he held senior roles at Willis Capital Markets and Aon Capital Markets. Prior to then, Richard established and ran a business specialising in the arrangement of innovative risk transfer products offering protection to capital providers at Lloyd’s of London.

UK |

Global Investor Relations

Steven Le Moing

Global Head of Sales & Marketing

Steven Le Moing

Global Head of Sales & Marketing

Steven is responsible for our global distribution strategy including sales, client services and marketing. In addition, Steven is responsible for business development with prospects in Continental Europe. Steven is a member of the Executive Committee and Senior Leadership Committee. Prior to joining Securis in January 2023, Steven worked at SCOR Investment Partners from 2012 as Head of Client Solutions – International. Prior to that he worked at Chenavari Investment Managers as Alternative Credit Strategist and has held other roles at SGAM Alternative Investments, Lyxor and Barclays Capital. Steven holds a Master of sciences in Financial Markets (MSc 203) from University Paris-Dauphine.

UK |

Alison Wallis

Head of Investor Relations & Business Development North America & Australia

Alison Wallis

Head of Investor Relations & Business Development North America & Australia

Alison is responsible for investor relations and business development in North America and Australia. Alison is a member of the Senior Leadership Committee. Prior to joining Securis in August 2023, Alison worked for GAM Investments in Australia, where she was responsible for business development and servicing the institutional market. Previously, Alison she was a Director at Brookvine, initiating and maintaining relationships with institutional and private wealth investors. She has also held roles at Deutsche Asset Management and Morningstar. Alison holds a Master of Commerce (Quantitative Finance) and a Master of International Business from the University of Sydney. She also holds a Bachelor of Arts (Economics) from the University of California Los Angeles. She also holds the Chartered Alternative Investments Analyst (CAIA) designation.

US |

Yoshihiro Okamoto

Distribution & Relationship Manager (Japan)

Yoshihiro Okamoto

Distribution & Relationship Manager (Japan)

Yoshi is responsible for investor relations, client service, and consultant relations in Japan. Yoshi is the representative director of Securis Investments Japan, Japanese fiduciary and operation function. Yoshi is a member of the Senior Leadership Committee. Before joining Securis in June 2023, Yoshi spent over 25 years in the financial industry, primarily asset management businesses with pension clients and financial institutions. He has intensive experience in investor relation of Insurance-linked securities (ILS) during his time at WTW Japan and has deep knowledge in a wide range of alternative investment products and ALM analysis. Yoshi graduated with a Bachelor of Chemistry degree from Kyoto University, Japan in 1992. He is a Certified Pension Actuary of the Japanese Society and a Certified Analyst of the Securities Analysts Association of Japan.

Japan |

Marketing

Monique Nash

Head of Marketing, PR & Communication

Monique Nash

Head of Marketing, PR & Communication

Monique is responsible for developing and executing strategic initiatives to enhance the company’s brand, manage public relations, and effectively communicate with both internal and external stakeholders. In her 11+ year tenure at Securis, Monique has worked closely with the CEO and Senior Management team firmwide, providing services including project management, business continuity management and investor relations. Monique is a member of the Senior Leadership Committee and performs secretariat services to the Operational Governance Committee and LLP Risk Management Committee. Prior to joining Securis, Monique worked most prominently in office management and architectural assistant roles encompassing creative brand management, operations, project management and administration. Monique graduated with BPD in Architecture and Bachelor of Architecture from the University of Melbourne.

UK |

Climate & Catastrophe Research

Dr Paul Wilson

Head of Catastrophe and Climate Research

Dr Paul Wilson

Head of Catastrophe and Climate Research

Paul leads the Non-Life research function at Securis. He is responsible for developing Securis’ view of risk, maintaining a refined and sophisticated view of global catastrophe risk and ensuring Securis’ position at the forefront of related scientific developments. He provides technical advice to support origination, portfolio construction, and investor relations. Paul is a Partner and member of the Senior Leadership Committee and Non-Life Event Response Committee. Prior to joining Securis in 2018, Paul was a Vice President in Risk Management Solutions where he led RMS’s development of catastrophe models for climate perils and oversaw RMS real-time response to catastrophes globally. Paul has a PhD in Atmospheric Physics and a MSci in Physics both from Imperial College London. Paul is an advisor to the World Banks Disaster Risk Financing and Insurance Program and has previously supported the Pacific Catastrophe Risk Insurance Company, a specialist development-insurer providing disaster risk financing to address the critical protection gap for small island states in the South Pacific.

UK |

Global Origination

Cahal Doris

Head of Non-Life Origination, London (Strategy Lead Retrocession)

Cahal Doris

Head of Non-Life Origination, London (Strategy Lead Retrocession)

Cahal is responsible for the origination of reinsurance and retrocession opportunities across property and specialty lines of business. Cahal is a member of the Senior Leadership Committee and Non-Life Event Response Committee, in addition to regularly attending the Non-Life Reserving Committee. Prior to joining Securis in September 2013, Cahal worked for Willis as a Senior Consultant, advising clients on catastrophic risk and structuring natural catastrophe and weather-related insurance products. Prior to that, Cahal spent three years at RMS within their Capital Markets advisory group, where he helped develop their ILS portfolio management software (Miu), structured a number of catastrophe bonds, and advised clients on pricing and portfolio optimisation. Cahal started his career as a Structural Engineer in 2007 at Ove Arup & Partners after graduating from the University of Cambridge with an MEng (Hons) in Civil, Structural and Environmental Engineering.

UK |

Nicholas Thuell

Head of Non-Life Origination, Bermuda; Strategy Lead Reinsurance

Nicholas Thuell

Head of Non-Life Origination, Bermuda; Strategy Lead Reinsurance

Nicholas is responsible for North American reinsurance and Bermuda-based retrocession opportunities. Nicholas is a member of the Senior Leadership Committee and Non-Life Event Response Committee, as well as a regular attendee of the Non-Life Reserving Committee. Prior to joining Securis’ Bermuda team in March 2020, Nicholas spent almost ten years with Hiscox in Bermuda where he was a Senior Underwriter, writing the international treaty, risk XS and retrocession books of business. During his time with Hiscox, Nicholas spent a year in London working on the Non-Marine reinsurance team, in addition to two years on the catastrophe modelling team in Bermuda. Nicholas began his reinsurance career after completing a Bachelor of Arts in Economics from the University of North Carolina Asheville in 2008 and a Master’s Degree in Applied Micro Econometrics from the University of North Carolina Greensboro in 2010.

Bermuda |

Operations & Technology

Paul McCabe

COO & CRO

Paul McCabe

COO & CRO

Paul oversees the Operations, Fund Accounting, Data Analytics and Valuation/Reserving functions in his role as Chief Operating Officer, as well as being responsible for the independent risk function in his role as Chief Risk Officer; chairing the LLP Risk Management Committee. Paul is a member of the Executive Committee, Senior Leadership Committee, Operational Governance Committee and Reserving Committee. Prior to joining Securis in June 2015, Paul built up extensive experience working in Operations for London based asset managers, having previously worked for NewSmith Asset Management and International Asset Management. Prior to that he had roles with IFS Statestreet and Citi in Ireland, and CBA in Australia. Paul is a Fellow of the Association of Chartered Certified Accountants (FCCA) and Chartered Alternative Investment Analyst (CAIA).

UK |

John Burns

CTO

John Burns

CTO

John runs the Technology team at Securis and is responsible for technology and data strategy and software delivery. John is a member of the Senior Leadership Committee and the LLP Risk Management Committee. Prior to joining Securis in September 2020, John worked in the technology team at Nephila Capital. He has also worked as a software developer at RMS, Morgan Stanley, UBS and BNP Paribas. John graduated from the University of Manchester with First Class Honours in Physics.

UK |

Adam Tidball

Head of Technology/Development (Non-Life)

Adam Tidball

Head of Technology/Development (Non-Life)

Adam is responsible for developing the processes, infrastructure and methodologies around Non-Life analytics, including improving deal pricing, portfolio optimisation and workflow. Adam is a member of the Senior Leadership Committee. Prior to joining Securis in August 2018, Adam worked for over ten years at MS Amlin initially embedded in an underwriting team before heading up in house development. Adam’s career began in pensions followed by two years in a traditional actuarial role in general insurance at Wellington/Catlin. Adam has a double starred first from Cambridge in engineering and is a qualified actuary.

UK |

Legal & Compliance

Jonathan Ford

General Counsel

Jonathan Ford

General Counsel

Jonathan heads up the Legal team and provides legal assistance to all areas of the firm whether on Fund or investment structuring or firm and group internal legal matters. Jonathan is a member of the Executive Committee, Senior Leadership Committee, Operational Governance Committee, LLP Risk Management Committee and Non-Life Event Response Committee, as well as regular attendee of the Valuation Committee. Prior to joining Securis in September 2018, Jonathan spent four years as EMEA Counsel in the Global Asset Management Division at Royal Bank of Canada. Before that he held positions as Legal Counsel and corporate/ Funds lawyer at TT International and Slaughter and May respectively. Jonathan graduated with a BA Law from the University of Oxford and is a qualified solicitor.

UK |

Peter Butler

CCO

Peter Butler

CCO

Peter heads up the Compliance team and is responsible for the compliance function globally in his role as Chief Compliance Officer. Peter is a member of the Operational Governance Committee, Senior Leadership Committee and both the LLP and Fund Risk Management Committees. Peter also regularly attends the Fund Valuation Committee. Prior to joining Securis in December 2019, Peter had 13 years of Compliance related experience, most recently spending 2 years working as the Head of Compliance at Algebris Investments. Before that Peter spent 8 years as a Compliance and Risk Analyst at TCI Fund Services. Peter graduated with a BSC (honours) degree in Mechanical Engineering from the University of the Witwatersrand, South Africa. Peter is a Global Association of Risk Professionals certified Financial Risk Manager.

UK |

Finance & HR

Umil Unadkat

CFO

Umil Unadkat

CFO

Umil is responsible for the finance function which involves but is not limited to control and reporting, treasury management, preserving the assets of the company, tax planning, budgeting and forecasting. Umil is a member of the Senior Leadership Committee and LLP Risk Management Committee. Prior to joining Securis in July 2013, Umil trained as a chartered accountant where he attained the ACA qualification with the Institute of Chartered Accounts England & Wales (ICAEW). He primarily spent his time in audit but was also involved in a number of AIM floats working with the corporate finance department and spent some time assisting the National Asset Management Agency (NAMA) in valuing distressed bank loans. Prior to this, he spent a short period of time working for Allied Irish Bank within their Central Securities department. Umil holds a 1st Class Bachelor of Science Degree in Economics from City University London.

UK |

Jean-Marie Clarke

HR/Office Manager

Jean-Marie Clarke

HR/Office Manager

Jean is responsible for global Human Resources and Office Management, working closely with the CEO and Senior Management team during her 15+ year tenure at Securis to develop, support and manage the company’s culture. Jean is a member of the Senior Leadership Committee. Prior to joining Securis in April 2006, Jean acquired extensive experience within different industries including roles as Accounts Manager, Personnel Manager and Personal Assistant/Office Manager, most recently at the NHS Health Care Trust.

UK |

Name

Job Title, Location

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We may update and modify these Terms from time to time. Such modifications shall be effective immediately upon posting to this Website. You should review this page from time to time to take notice of any modifications we make.

13.Law and Jurisdiction

These Terms and any and all disputes or claims arising out of or in connection with them (whether contractual or non-contractual) shall be governed by and shall be construed in accordance with English law. All disputes arising out of or in connection with these Terms (whether contractual or non-contractual) shall be subject to the exclusive jurisdiction of the English courts. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

Our Team

We have built an organisation that attracts people of only the highest calibre, with great experience and expertise.

Management

Vegard Nilsen

Portfolio Managers

Herbie Lloyd

Philippe Shaw-Jackson

Raphael Rayees

Antonio Pombeiro

Alexandre Bruls

Tiyasha Auddy

Advisor

Andrea Cavalleri

Underwriting

Paul Larrett

Richard Godfrey

Global Investor Relations

Steven Le Moing

Alison Wallis

Yoshihiro Okamoto

Marketing

Monique Nash

Climate & Catastrophe Research

Dr Paul Wilson

Global Origination

Cahal Doris

Nicholas Thuell

Operations & Technology

Paul McCabe

John Burns

Adam Tidball

Legal & Compliance

Jonathan Ford

Peter Butler

Finance & HR

Umil Unadkat

Jean-Marie Clarke

The Securis Competitive Advantage