Hudson Structured Capital Management

Park assumed the role earlier this month.

The fund is a continuation vehicle for five of HSCM's life insurance interests.

The year brought a degree of closure on the loss-hit years of 2017-2021, while the outlook remains changeable for ILS managers.

The fund had taken major losses on cat-related investments, including through Southeast primary carriers Weston and Southern Fidelity.

Bernard Opoku will replace Jeff Sangster as CFO effective 1 October.

The executive joined the company from Scor, where he helped to launch Scor P&C Ventures.

Hudson Structured Capital Management (HSCM) Bermuda has set up an insurance credit strategy seeded with $400mn of initial capital from Security Benefit Life Insurance Company.

Former Ariel Re executive Edouard von Herberstein was one of the founding team at HSCM and is leaving to pursue other opportunities.

HSCM Ventures partner Vikas Singhal will join the Inclined board.

UPC policyholders could be force-placed by their mortgage lender.

HSCM has had a majority stake in the company since 2020.

Despite capital infusions into the firm, the Florida insurer was unable to stave off receivership.