Allied World Assurance Company Holdings AG, the insurer that joined Crescent Capital Group LP in a bet on junk bonds, named Sarah Doran as treasurer and senior vice president of investor relations.
Doran will be responsible for capital management, banking and merger-and-acquisition activity, the Zug, Switzerland-based company said today in a statement. Doran previously worked at London-based Barclays Plc, where she was a director in the financial institutions group, responsible for mergers, divestitures and capital raising for the insurance and reinsurance industry.
“Her extensive experience covering financial institutions and her knowledge of the insurance market will be a valuable asset as she works with investors and analysts,” Thomas Bradley, chief financial officer, said in the statement.
Allied World struck a deal in January to take a minority stake in Los Angeles-based Crescent, and said last year it would invest in MatlinPatterson. Both asset managers agreed to oversee funds in the insurer’s portfolio. Allied World reached an accord in 2011 to buy reinsurer Transatlantic Holdings Inc. The deal was terminated after other suitors emerged, and Transatlantic was eventually acquired by Alleghany Corp.
Doran, who will be based in New York, also worked at Lehman Brothers Holdings Inc., where she was a vice president in the financial institutions group, according to the statement. She received an MBA from the Booth School of Business at the University of Chicago and a BA from the University of Notre Dame, according to the statement.
She assumes the investor relations duties from Keith Lennox, who was been appointed CFO of Allied World’s reinsurance operations, according to the statement.