Jim McNichols Joins Southport Re as Chief Actuarial Officer

  Jim McNichols Joins Southport Re as Chief Actuarial Officer

Business Wire

NEW YORK -- August 23, 2012

Southport Lane, a New York-based private equity firm, has appointed Jim
McNichols Chief Actuarial Officer of its reinsurance group, Southport Re. In
this new position, McNichols will be responsible for supporting reinsurance
underwriting and directing quantitative risk analytics, as well as leading
Southport Re’s enterprise-wide risk management processes.

Before joining Southport Re, McNichols served as a Consulting Actuary for Aon
(NYSE:AON), leading dynamic risk modeling projects for insurance companies and
large corporations. McNichols’ role included providing advice on risk pricing,
capital structures, maximizing risk-adjusted returns and asset-liability
portfolio optimization. Prior to Aon, McNichols held several executive
positions at XL Capital, including Chief Actuary and Chief Operating Officer
of the Financial Guaranty Division.

“Jim’s ability to synthesize insurance risk and capital market risk, combined
with his modeling expertise, will be critically important in creating a
profitable insurance and reinsurance platform,” said Glenn Weber, CEO of
Southport Re. “The Southport platform was developed to operate within specific
volatility parameters, and Jim will be crucial in achieving that goal as we
grow.”

McNichols has published actuarial papers on a wide range of topics, including
reserve variability, financial guarantee risks, derivatives and modeling
foreign exchange and commodities. He recently collaborated with a former Aon
colleague for a Casualty Actuarial Society eForum - Summer 2012 paper,
Stochastic GBM Methods for Modeling Market Prices.

McNichols holds a BS from the University of Illinois at Urbana-Champaign with
a Major in Psychology and Minor in Financial Mathematics. He received his
Associate of the Casualty Actuarial Society in 1988 and is a member of both
the American Academy of Actuaries and International Actuarial Association.

ABOUT SOUTHPORT LANE

Southport Lane is a private equity firm founded in 2010 with a concentration
in active investments in insurance and reinsurance companies. Among the firm’s
portfolio investments is Southport Re, the platform for Alternative Risk
Transfer reinsurance activities. The firm is headquartered at 350 Madison
Avenue and has total capital commitments in excess of $1 billion.

Contact:

Cognito
Loretta Mock/Josh Gerth
+1-646-395-6300
Southportlane@cognitomedia.com