Michael Watson

Chairman of the Board
Independent Non-Executive Director
Carrick Group Limited

Michael joined the Board of Carrick Group in December 2023.  He also serves as Chairman of InsurX Holdings, a digital risk placement exchange for the global corporate and specialty insurance market and as a Director of Carbon Underwriting Limited, a data-driven Managing General Underwriter specialising in international delegated underwriting arrangements.

Michael is the founder and former Chairman & CEO of Canopius Group, a global specialty (re)insurance business writing in excess of $4 billion GWP.  He led the business through two management buy-outs, two sales to strategic investors, and four major acquisitions.  Canopius now operates the largest syndicate at Lloyd’s.

Michael has over 45 years’ experience in financial services gained in London, New York, Bermuda and Ireland.  His sector involvement includes commercial and investment banking, trade finance, securities dealing and life insurance.  For the past 30 years, his focus has been specialty property and casualty insurance and reinsurance on a global basis.

Michael is a former Member of the Council of Lloyd’s and Board member of the Lloyd’s Market Association. He began his career with Arthur Andersen & Co where he qualified as a Chartered Accountant.

 

Susan Pateras

Independent Non-Executive Director
Carrick Group Limited

Susan has over 25 years’ experience in Re/Insurance working in various domiciles including London, New York and Bermuda. As the former Chief Operating Officer of Liberty Mutual Bermuda (formerly Ironshore Insurance Ltd.), Susan has demonstrable in-depth knowledge and strong track record shaping strategic expansion and creating underwriting and operational transformation as evidenced through; 

  • Driving shareholder value and developing client solutions for risk while building and scaling two startups.

  • Holding executive roles at Marsh, WTW, Integro, Ironshore, and Liberty Mutual Bermuda, leading underwriting, distribution, and C-suite operations while creating new roles and opportunities for professionals to thrive. 

  • Serving as an Independent Director for financial services companies, guiding strategy and governance.

  • Speaking and sharing insights on digital transformation, leadership, and the evolving future of Re/Insurance.

  • Attending Temple University (Philadelphia, PA) graduating with a dual major in Risk Management & Insurance and Business Law and The Moller Institute, at The University of Cambridge – Advanced FDI Leadership program.

As a veteran insurance executive, Susan currently serves as an INED for a diverse portfolio of financial services companies, providing strategic oversight in governance, compliance, and risk management while supporting strategy and opportunities for growth.

 

Alan Waring

Independent Non-Executive Director
Carrick Group Limited

Alan has over forty five years’ experience in the (re)insurance industry, within both the (re)insurance carrier and (re)insurance broking sectors. 16 of those years were in Dublin and London and over 30 years have been in Bermuda and the US. During that time, he has at one time or another been involved in direct line responsibility for every aspect of the (re)insurance industry, from raising capital to form a company, building businesses and divisions within businesses, to management responsibility for all company operations including finance, HR and IT.

Alan has been particularly recognized for his expertise in the design and implementation of individual entity and group insurance and reinsurance placements, single and multiline programs, captives and rent-a-captives, for both public sector and commercial clients.

 

Raquel Santos Silva

Director
Carrick Group Limited

Joining Bedrock’s Wealth Management division in 2021 as a Director, Raquel is now a Partner at Bedrock and a Board member of Adaptogen Capital. Raquel began in Investment Banking at Morgan Stanley and Santander before pursuing an MBA at Columbia University.

With experience in investment banking and management, she’s guided affluent families and entrepreneurs in creating enduring asset allocation strategies for both public and private market investments.

With over 12 years dedicated to wealth management, she enriched her experience at Goldman Sachs and Pictet in London, while also sharing her insights as a guest lecturer at Universidade Catolica Portuguesa and INSEAD. Beyond Bedrock, Raquel finds fulfilment in teaching.

 

Shahar Zer

Director
Carrick Group Limited

Shahar is a Partner of Northlight Group and member of the Investment Committee and Management Committee for the Northlight funds.

Shahar was previously at JP Morgan Private Bank (2008-2009), leading the establishment of the European Global Sales Trading desk in Europe.  At Lehman Brothers Europe (1998-2008), Shahar ran the Leveraged Loan Trading Desk, managing the Syndicate Desk risk (2007-2008) and the build-out of the European high yield trading desk, after a position as a high-yield and distressed credit analyst.  Shahar began his Lehman Brothers’ career in the M&A Group of the Investment Bank.

Shahar holds a BA in Economics and Political Science from the University of Rochester (US) and an MSc in Finance and Accounting from the London School of Economics.

 

Elizabeth Rasskazova

Director
Carrick Group Limited

Elizabeth is a Senior Research Analyst at Northlight Group. Prior to joining Northlight in 2020, Elizabeth was a Portfolio Manager with Polygon Partners, focusing on distressed and event-driven credit investing.

Elizabeth started her career at Goldman Sachs European Special Situations Group in 2005.  She holds graduate degrees in Economics and Finance from the University of Cambridge, and the London School of Economics.

A native Russian speaker, Elizabeth is fluent in English and German and also speaks French and Italian.​

 

Richard (Rick) Hudson

Independent Non-Executive Director
Community Reinsurance Corporation Ltd

Rick joined the Board of Community Re as Chairman in 2020.

Rick had a long executive career at Royal Insurance and latterly, RSA.  He started as a Marine Underwriter and progressed to the Group Underwriting Claims and Reinsurance Director and in his final years as the Group’s first Group Risk Director.

After RSA, Rick sat on several Boards in the sector and was Chairman of the Life Run-Off Consolidator: Windsor Life/Reassure.  He was Chairman of XL Insurance Europe, Allianz UK and LV (General) UK.  He sat on other Boards including Swiss Re Europe and Catalina UK.

Rick is a former President of the CII and a Past Master of the Worshipful Company of Insurers.

He is an economics graduate from UCL and has an MBA from UCT.  He has an FCII.

 

Roland Jackson

Independent Non-Executive Director
Community Reinsurance Corporation Ltd

Roland is an experienced executive and general counsel with 20 years experience in the legacy sector having held a number of roles with the Hartford Group’s UK business and with the Catalina Group.

Previously he was a Partner in a Solicitors practice specializing in shipping and insurance matters.

 

Ian Fleming

Independent Non-Executive Director
Offaly Insurance DAC

Ian joined the Board of Offaly Insurance DAC and Seamair Insurance DAC, both wholly owned subsidiaries of Carrick UK Holdings Limited, in September 2024.  He has over forty years’ experience in the Re/Insurance market having previously worked for Hibernian/Aviva, GE Insurance Solutions, Swiss Re and more recently Canopius Ireland Limited where he was Executive Director and CEO.  He has extensive experience gained in the London, European and Bermuda Reinsurance markets especially in the area of Structured Reinsurance.

Ian is a fellow of the Chartered Insurance Institute, has an Executive MBA from Henley Management College, UK, and the Diploma for Chartered Director of the Institute of Directors.  He is currently Non-Executive Director and Chairperson of the charity Victim Support at Court, V-SAC, which provides a court accompaniment service to victims of crime, witnesses and their families whilst working closely with the Irish Government and Judiciary.

 

John O’Reilly

Independent Non-Executive Director
Offaly Insurance DAC

John joined the Board of Offaly Insurance DAC and Seamair Insurance DAC, both wholly owned subsidiaries of Carrick UK Holdings Limited, in September 2024.

John is a Fellow of the Institute of Chartered Accountants in Ireland and a Chartered Director with over 30 years’ experience as an executive and non-executive director for insurance and reinsurance entities including Cologne Reinsurance, a member of the Berkshire Hathaway Group, Primary Insurance Co. Ltd, a Bermuda based non-life insurer, IPTIQ Insurance, a Swiss Re subsidiary, writing life business through LAYA Ireland, Twelve Capital UCITS ICAV investing in CAT Bonds and a number of captive (re)insurers.

John was responsible for the winddown of Nexgen Ireland, part of the French Banking group Natixis.