Full-Time

Managing Director

Insurance Business Development

Posted on 3/3/2025

Ledger Investing

Ledger Investing

51-200 employees

Investment platform for insurance-linked securities

Expert

Remote in USA

The position can be fully remote or hybrid.

Category
Business Development
Business & Strategy
Required Skills
Investment Banking
Financial Modeling
Requirements
  • 10+ years previous experience in investment banking, strategic advisory, or consulting roles working with insurance and reinsurance companies
  • Extensive network within (re)insurance company executives
  • In-depth knowledge of insurance industry, familiarity with insurance linked securities or structured finance products is a plus
  • Exceptional written and verbal communication skills with specific ability to communicate concepts and ideas concisely and defend their validity
  • Very strong quantitative and analytical skills (including excel modeling)
  • Bachelor's degree required; MBA or other graduate degree is a plus
Responsibilities
  • Leads business development with (re)insurance companies to source ILS transactions
  • Owns the transaction process from the initial pitch to the risk originator to winning the deal including highly complex financial modeling, presentations, and due diligence
  • Accountable for deal execution including investor marketing, due diligence, and negotiations leading to transaction closing
  • Provide feedback to product teams developing platform features for (re)insurance companies
Desired Qualifications
  • Familiarity with insurance linked securities or structured finance products is a plus
  • MBA or other graduate degree is a plus

Ledger Investing provides a platform for qualified investors to invest in insurance-linked securities (ILS), which are tied to insurance risks. The company focuses on private placements, allowing unique investment opportunities that are not available on public markets, but these come with high risks and potential for significant losses. Ledger Investing facilitates transactions between insurers and investors, offering tools and information to assist in decision-making without giving specific investment advice. The goal is to connect institutional buyers, such as banks and hedge funds, with investment opportunities in the ILS market.

Company Size

51-200

Company Stage

Series B

Total Funding

$88.2M

Headquarters

New York City, New York

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in casualty ILS attracts diverse institutional investors.
  • Successful $250M casualty ILS transaction enhances asset class liquidity.
  • New Cayman-based subsidiaries boost capabilities in casualty ILS market.

What critics are saying

  • Increased competition in the ILS market may affect market share.
  • Regulatory scrutiny could raise compliance costs for Ledger Investing.
  • Reliance on institutional investors exposes the company to market volatility.

What makes Ledger Investing unique

  • Ledger Investing pioneers the securitization of casualty insurance risks since 2019.
  • The company offers a unique platform for investing in insurance-linked securities.
  • Ledger Investing's private placement model provides exclusive investment opportunities.

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Benefits

Remote team

Competitive compensation

Unlimited PTO

401k

Company retreats

Personal development

Comprehensive health coverage

Personal wellness

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-5%

2 year growth

8%
Life Insurance International
Sep 25th, 2024
Ledger Investing launches $100m casualty sidecar

Ledger Investing, a marketplace to bridge the gap between insurance risk and capital, has raised funding and unveiled a casualty sidecar facility.

Reinsurance News
Aug 6th, 2024
Ledger Investing launches new ILS subsidiaries, Fermat to manage casualty ILS funds

Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has expanded its casualty ILS capabilities with the launch of two new Cayman-based subsidiaries.

PR Newswire
Aug 6th, 2024
Ledger Investing Expands Capabilities To Further Advance The Casualty Ils Market

Establishment of new subsidiaries and agreement signifies watershed moment for maturation of casualty ILS marketNEW YORK, Aug. 6, 2024 /PRNewswire/ -- Ledger Investing, the leading marketplace connecting insurance risk to capital, announced today an expansion of its capabilities within the casualty insurance-linked securities (ILS) market with the launch of two new Cayman-based subsidiaries: Ledger Re SPC, a reinsurer providing institutional investors access to casualty ILS, and Ledger ILS Services, a provider of underwriting and risk management services. Ledger Investing has pioneered the development of casualty ILS since its founding in 2017 and the formation of these business segments further cements its leading role in helping managing general agents (MGAs) and (re)insurers source capital in the ILS market.In another sign of the company's momentum, Ledger Investing is also delighted to announce that the casualty ILS funds previously managed by Ledger, will now be managed by the casualty team at Fermat, leveraging Fermat's extensive experience in ILS asset management. Ledger Investing will continue to provide support services for those underlying casualty ILS investments.John Seo, Managing Director and Co-Founder of Fermat, emphasized the value of casualty ILS as an asset class: "Fermat continues to see growing investor appetite for alternative fixed income investments. Given the portfolio diversification benefits of casualty ILS, we anticipate broad investor interest, ranging from pension plans seeking income to private credit managers looking for diversification."Since its first transaction in 2019, Ledger Investing has been at the forefront of extending the use of ILS markets to finance casualty insurance risks. The company has brought scale and maturity to the casualty ILS market and serves as the premier gateway for insurers, reinsurers, and MGAs to connect with ILS capital."These milestones are a pivotal moment in the growth of the casualty ILS market," said Samir Shah, CEO of Ledger Investing

Artemis
Jul 10th, 2024
Altamont Capital looks to grow insurance portfolio with addition of Ledger's Brad Fischtrom

Private equity firm Altamont Capital Partners has added Brad Fischtrom, previously Chief Operating Officer of insurance technology (insurtech) and insurance-linked securities (ILS) focused company, Ledger Investing, as an Operating Partner with a focus on investments in the property and casualty (P&C) insurance space.

Reinsurance News
Jun 19th, 2024
Industry veteran Amy Stern joins Ledger Investing as Chief Executive, Reinsurance

Industry veteran Amy Stern joins Ledger Investing as Chief Executive, Reinsurance.