Altamont Capital appears to develop insurance coverage portfolio with addition of Ledger’s Brad Fischtrom – Cyber Tech

Non-public fairness agency Altamont Capital Companions has added Brad Fischtrom, beforehand Chief Working Officer of insurance coverage expertise (insurtech) and insurance-linked securities (ILS) centered firm, Ledger Investing, as an Working Companion with a concentrate on investments within the property and casualty (P&C) insurance coverage house.

Fischtrom joins after nearly 4 years with Ledger Investing, and can use his in depth business expertise and Altamont’s sturdy community of assets and capabilities within the insurance coverage sector to strategically advise on P&C insurance coverage investments.

He’s been working within the P&C insurance coverage universe for greater than twenty years, with experience in re/insurance coverage threat and capital administration, capital markets and ILS, underwriting, operations, finance, and in addition analytics.

Previous to Ledger, Fischtrom spent a decade with world insurer AIG in a wide range of roles, finally changing into Chief Danger Officer for World Industrial and North America P&C insurance coverage. He additionally labored at Towers Watson (now WTW) for nearly three years as a guide, and spent greater than 4 years with dealer Aon as an Assistant Vice President.

Altamont expects Fischtrom’s appointment to help with and construct on its achievements investing within the insurance coverage sector.

Since being based in 2010, Altamont has made 10 insurance coverage platform investments and accomplished over 75 add-on acquisitions, and has truly incubated a lot of these firms from scratch.

In his new function, Fischtrom will work intently with the P&C firms throughout Altamont’s portfolio to use his in-depth business information and assist speed up their respective value-creation plans, explains the agency.

Altamont Managing Director, Sam Gaynor, mentioned, “Brad brings a singular perspective to our insurance coverage workforce, geared up with information and experience on the operations of firms from early-stage start-ups to massive, world firms.

“Increasing our workforce to include his information of all sides of enterprise improvement and threat administration operations is essential to Altamont’s development. We’re excited to proceed to develop our insurance coverage portfolio and help our current companions along with his expertise.”

Commenting on his new function, Fischtrom added, “Altamont has distinguished itself as a pioneer investor within the insurance coverage sector. The agency’s ecosystem of portfolio firms offers a particular platform for development synergies and investments throughout the worth chain.

“I’m keen to use my experience in operations, expertise, and threat and capital administration to develop the worth of the present portfolio and contribute to forward-looking methods.”