Tangency Capital

team

 

Our team consists of 5 seasoned professionals with combined 90+ years of industry experience and diversified skill sets, including underwriting, actuarial, geoscientific research, investment banking and accounting.

 
 

 
 
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Partner

Dominik Hagedorn, Chief Operating Officer

Dominik has more than ten years of reinsurance and investment banking experience with a particular focus on alternative capital in the insurance industry. His transaction experience encompasses traditional fixed income and private equity, catastrophe bonds, reinsurance sidecars, contingent capital and other structured finance transactions in both life and non-life insurance. In his most recent role, he served as Vice President at Deutsche Bank Securities Inc. with global coverage responsibilities in the insurance and reinsurance sector. Prior to joining Deutsche Bank, he served as Director at UBS Securities LLC, also focused on the insurance industry. Dominik started his career at Munich Re undergoing a reinsurance underwriting training program and working in the company’s alternative capital team in Munich and the US. 

He holds a Master of Sciences degree in Financial Economics, majoring in finance, economics and econometrics from Maastricht University in The Netherlands.

 
 

 
 
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Partner

Michael Jedraszak, Chief Investment Officer

Michael Jedraszak has more than 15 years of reinsurance and corporate finance experience. Most recently, he established Kiskadee Investment Managers, a Hiscox-owned ILS fund platform. At Kiskadee, he acted as Chief Investment Officer and was responsible for Hiscox’s overall ILS strategy including product innovation, portfolio construction and investor relations. He served on the Hiscox Re Board of Directors and on ILS-related boards. Kiskadee was awarded “ILS Fund Manager of the Year” at the Reactions Awards 2017.  Prior to setting up Kiskadee, he was Head of International and Agriculture at Hiscox Re, during which time he was rated one of the London reinsurance market’s most influential underwriters in a 2013 Gracechurch Survey. 

He holds a BSc. (Hons) in International Management from Bath University and Postgraduate Diploma in Financial Strategy from the Said Business School at Oxford University, both earned with distinction. He is also an Associate of the Chartered Insurance Institute in the UK.

 
 

 
 
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PARTNER

Kai Morgenstern, Chief Risk Officer

Kai Morgenstern has 23 years of extensive experience within the reinsurance industry. Prior to founding Tangency Capital, Kai joined RenaissanceRe as Vice President in the Ventures Ltd Group in 2006. He served as a Managing Director of DaVinci Reinsurance Ltd. and other third party capital structures managed by the Ventures group, worked on the design, legal review, marketing and execution of sidecars such as Starbound I/II, Tim Re I/II/III and multiple Upsilon transactions. He served as an investor relationship manager for US$2 billion managed by the Ventures group and was the portfolio manager of the ILS fund, Medici, since 2009. Before that, he headed the Natural Catastrophe group of GE Insurance Solutions and started his career at Gerling Global Re. 

Kai holds a Diploma (Master) in Geophysics from Kiel University in Germany.

 
 

 
 
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Francois Delattre, Head of Analytics

François Delattre has 10 years of experience within the reinsurance and ILS industry. Before joining Tangency Capital in 2018, he was Portfolio Analysis Manager at Hiscox Re & ILS where he set up the analytical infrastructure to manage the Kiskadee funds totaling USD1.5bn of AuM across 4 vehicles. He developed the tools supporting investment decisions and investors reporting for portfolios containing hundreds of reinsurance layers. His responsibilities also included the design of Hedging strategies through innovative ILW and UNL retrocession structures. He was also actively involved in the reinsurance renewals business planning for the ILS portfolios.

He started his career in 2010 at SCOR Global Investments as a quantitative analyst where he helped setup their ILS investment strategy. He was then in charge of the analysis, pricing and modelling of Cat-Bonds and fully collateralized reinsurance portfolios for funds and managed accounts totaling USD 500m at the time.

 François is a qualified actuary from the French Institute of Actuaries and has a MSc in Economics and Actuarial Science from Ensae ParisTech as well as a MSc in Aeronautics and Space Engineering from SUPAERO in Toulouse.

 
 

 
 
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Jo Stanton, Head of Finance

Jo has more than 30 years of experience in the reinsurance sector. Prior to joining Tangency Capital in May 2019, she worked at AlphaCat Managers Ltd. for approximately six years, most recently as Chief Financial Officer overseeing financial management, reporting and operational aspects of the manager. Before joining AlphaCat, Jo was a professional at Expertise Ltd., where she consulted numerous fund administration and reinsurance companies on financial and regulatory reporting and implementation of operational efficiencies as well as acting as interim CFO. 

Jo is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Institute of Directors, and holds a degree in Accounting and Finance from the University of Brighton. She also holds a Certificate in Company Direction.