Investment philosophy

Tangency Capital Ltd. is a Bermuda-based investment company with a focus on the reinsurance sector. We create value for our shareholders by investing directly in non-life reinsurance risks to generate uncorrelated investment returns.


Team

Dominik Hagedorn

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 sector. 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.

Michael Jedraszak

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.

Kai H. Morgenstern 

Kai Morgenstern has 21 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 Diplom (Master) in Geophysics from Kiel University in Germany.


Contact

Registered office:

Tangency Capital Ltd.
c/o Horseshoe Corporate Services Ltd.
Wessex House, 3rd Floor
45 Reid Street
Hamilton HM 12
Bermuda


Please use the below contact sheet to reach any of the partners:


Disclaimer

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