Whole account reinsurance, collateralised by capital markets
Optimise and protect capital and/or earnings
Specialists in transforming underwriting risk into capital markets securities
Bryan has over thirty years experience in the insurance and reinsurance industry globally.
His experience has spanned the development of capital market solutions, underwriting, pricing and balance sheet restructuring. He has worked with some of the world's largest insurers and reinsurers and assisted them in all aspects of risk management and capital.
He has led the PwC actuarial practice in both the UK and globally. He was designated actuary on a number of the very early ILS transactions.
Bryan is also a non-exec director of XL Catlin UK Ltd.
James is one of the three founding partners of Vario.
Before Vario he was a PwC Partner for 10 years and a qualified Actuary for over 20 years assisting insurers and reinsurers with reserving, pricing, capital efficiency and M&A. At PwC he lead the London Market Actuarial practice.
Whilst in industry with Travelers (previously St Paul), James was a Director of the Lloyd's Managing Agency which grew from less than $100m of premium to over $1bn in seven years.
Quentin has worked in the insurance industry for over 25 years both as principal and consultant.
He founded CityPlace Analysis Ltd, a leading independent analysis company. He was the inaugrial Head of Research at Lloyd’s leading the creation of Lloyd’s own well-regarded analytic framework.
Quentin set up a previous insurance linked security business with Lehman Brothers and subsequently advised a number of Private Equity funds on their acquisition of insurance companies.
Quentin is the third founding partner of Vario.
Rebecca has over 10 years experience in the insurance and reinsurance industry as a financial accountant, leading audit and consulting teams as a senior manager at PricewaterhouseCoopers in Zurich.
She has led some of the largest global audit teams in the insurance industry, managing all aspects including co-ordination of actuarial, tax and asset management. Her role has also encompassed analysing the accounting treatment of complex transactions both on the asset and liability side.
Rebecca is accredited for a variety of accounting bases including US GAAP, IFRS and local and regulatory reporting, with her industry knowledge recognised by the Swiss Regulator, FINMA.
Markus is responsible for research and modelling at Vario.
Prior to Vario, he headed up the Analysis function at Lloyd's of London for eight years, where he was responsible for market-wide analytical research and development.
Before Lloyd's, he was responsible for pricing at Libero Ventures, a start-up backed by Lehman Brothers. There he developed new technology to transfer underwriting risk into capital markets.
Michael has over a decade of experience in fixed income markets with deep expertise in securitisation and CDO structuring.
Prior to joining Vario, Michael worked at J.P. Morgan where he was responsible for the origination, data analysis, financial modelling and structuring of ABS transactions for banks and financial institutions across numerous jurisdictions.
In 2009, he was also involved in the structuring of a hedge fund investing in actively managed and diversified portfolios of insurance risks.
Michael holds a degree in Engineering, Economics and Management from the university of Oxford.
Michael Watson is Executive Chairman of Canopius, a private equity backed global specialty re(insurance) business with its principal operations at Lloyd’s. He led the original management buy-out of Canopius in 2003 and again in 2018.
He has more than 40 years’ experience in commercial and investment banking, trade finance, stock broking, life and non-life insurance, gained in London, Bermuda and New York.
He is a Chartered Accountant and serves on the Council of Lloyd’s and the Boards of the Lloyd’s Market Association and Weston Insurance Holdings Corporation.
The Vario group of companies include:
One Fleet Street, London, EC4M 7WS, UK
71 Fenchurch Street, London, EC3M 4TD, UK