Tangency Capital
is an alternative investment management firm
focused on the insurance industry.

Tangency Capital
is an alternative investment management firm
focused on the insurance industry.

Diversifying Asset Class

We invest in insurance risks through the use of insurance-linked securities which offer investors exposure to an asset class "that is largely uncorrelated to capital market risks".
Deloitte, 2016
With the introduction of uncorrelated assets to their portfolios, investors can reduce volatility and improve the position of the Tangency Point, where the capital market line and the efficient frontier connect.
Harry Markowitz, Modern Portfolio Theory, 1952

Investment Philosophy

Aligned

We invest through “quota shares” – creating a pro-rata share of (re)insurer portfolios in which we earn premium and pay claims according to a pre-defined percentage.

Through this co-investment approach, we are aligned with best-in-class (re)insurers, which have superior access to risk and are experienced underwriters.

Independent

We are a partner-owned organization with the singular goal of optimizing risk-adjusted returns for our investors.

Being independent of any third-party affiliations, we eliminate potential conflicts of interest, concentration risks or considerations that may inhibit innovation.

Capital Efficient

Unlike traditional insurance-linked securities investments, we capitalize the underlying risk based on economic capital requirements as prescribed by rating agencies and regulators.

This generates capital efficiencies that allow our investors to access the asset class as if they had their own reinsurer.

Diversified

We earn risk premia globally and run a balanced portfolio across markets, perils, and (re)insurers.

Given the random nature of catastrophe events, diversification reduces the downside risk from individual events.
Tangency Team

Six professionals with 100+ years of collective industry experience

Dominik Hagedorn
COO • London
Michael Jedraszak
CIO • London
Kai Morgenstern
CRO • London
Jo Stanton
Head of Finance • Bermuda
Francois Delattre
Head of Analytics • London
Luke Barnett
Portfolio Analyst • London
Stay Informed

Tangency Newsletter

Our quarterly newsletter includes company news and up-to-date market analysis.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Search

This website is intended for institutional investors only.We use cookies to provide you with a great experience and to help our website run effectively. By using this website, you agree to our use of cookies and confirm that you have read our privacy notice and disclaimer.