HSCM Bermuda has promoted Rachel Bardon to deputy chief investment officer, and Gokul Sudarsana to chief actuary.

Ms Bardon joined HSCM in 2016 as the firm was being formed. Since joining she has been an integral part of the development of the firm’s investing, valuation, and modelling practices, it said.

In 2019 she was promoted to partner and chief actuary and has focused on developing HSCM Bermuda’s insurance credit origination and deployment over the past several years.

Ms Bardon holds a bachelor of science in mathematics from Brigham Young University and is a fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and a Chartered Enterprise Risk Analyst.

As deputy CIO she will work with HSCM’s managing partner and co-founder Michael Millette to lead, develop, and enhance the firm’s re/insurance strategy.

Ms Bardon will also continue to lead the strategy’s reinsurance debt investing and offshore investment activity.

She said: “High quality insurance-related debt continues to hold attractive risk premium due to the complexity of the investment. I am thrilled to be spearheading our continued growth in this sector.

“As this strategy grows, I am looking forward to continued work enhancing our investment processes and practices as deputy CIO of our broader re/insurance strategy.”

Mr Sudarsana’s promotion is pending immigration approval.

He joined HSCM in 2020 as a managing director and has helped to develop and lead life insurance investing for the strategy, the company said. He has also taken a leading role in improving the firm’s modelling capabilities across the strategy.

Prior to joining HSCM, Mr Sudarsana led Deloitte’s actuarial service offerings in Bermuda and the Caribbean.

He holds a bachelor of mathematics in actuarial science from the University of Waterloo and is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries, a Chartered Enterprise Risk Analyst, and a Financial Risk Manager.

Mr Sudarsana said: "It has been an exciting and rewarding experience to collaborate with my HSCM colleagues over the past two years and I am looking forward to continue to support the firm's growth in this expanded role.”

Mr Millette said: “Rachel’s and Gokul’s leadership in developing our broader insurance business has been critical. We and our investors look forward to their work in these expanded roles.”