Brandon Young Joins Southport Re as Chief Operating Officer

  Brandon Young Joins Southport Re as Chief Operating Officer

Business Wire

NEW YORK -- October 21, 2013

Southport Lane, a New York-based private equity firm, today announced that
Brandon Young has been appointed Chief Operating Officer of its reinsurance
holding company Southport Re and Senior Vice President of Southport Lane. In
this position, Young plays a key role in Southport Re’s core business
including executing and overseeing acquisitions, developing general business
strategy and supporting large transactions. He reports to Glenn Weber, CEO of
Southport Re.

Young brings nearly 20 years of experience across the insurance and securities
industries to Southport Re. Prior to joining the firm, Young served as Vice
President of Global Corporate Development at ACE, LTD, where he was
responsible for identifying, analyzing and executing potential acquisitions,
joint ventures and business alliances, while working with executive management
in the ongoing review and development of corporate strategy. At ACE, Young
executed a large number of acquisitions across five continents.

“Brandon’s knowledge and expertise of the industry is essential as we look to
acquire high-value, established insurance companies,” said Weber. “Southport
Re’s mission is to work with organizations that can provide long-term value to
our shareholders and Brandon will be crucial in helping us achieve this goal.”

Prior to ACE, Young was a Senior Equity Research Analyst at Bear Stearns & Co.
covering the U.S. non-life insurance sector. He began his career at Marsh Inc.
serving large domestic and multinational clients in its alternative risk
finance group before transferring to its related specialty broker/dealer,
where he focused on M&A advisory and risk-linked securities activities.

“I am excited to be a member of Southport Re’s leadership team as we continue
to develop and expand the risk and capital management solutions we provide to
our clients, both organically and through acquisitions,” said Young.

Young holds an MBA with concentrations in Finance and Economics from New York
University’s Stern School of Business and completed an M.S. exchange-student
program at the London School of Economics, studying Corporate Finance theory
and Industrial Organization theory. He received a Bachelor’s degree in
Government from Dartmouth College and is a CFA charterholder.

ABOUT SOUTHPORT LANE

Southport Lane is a New York City-based private equity firm and asset manager
founded in 2010. Southport’s private equity fund focuses investments in
insurance, reinsurance, energy, and consumer businesses and seeks long-term
investments with a buy-and-hold strategy. The firm is headquartered at 350
Madison Avenue and has total capital commitments in excess of $1 billion. For
more information, visit www.southportlane.com.

Contact:

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