Bermuda-based RAM Holdings Ltd. announced yesterday that Paul Wollmann has joined the company as managing director, structured and asset-backed finance.

Mr. Wollmann will be responsible for underwriting transactions involving asset-backed securities and other structured financings, as well as corporate, financial institutions, and sovereign risks and will report to Vernon M. Endo, the company?s chief executive officer.

Mr. Endo said: ?We are delighted to have an individual with Paul?s broad experience join our company. In addition to his reinsurance background in Bermuda, he has extensive experience in the structured finance area.?

Mr. Wollmann joins RAM from RCS Limited (sponsored by HBK Investments LP), a start-up Bermuda surety company developing alternative collateral for use by reinsurance companies to obtain US regulatory credit, where he was a managing director.