Peter A. Appel is an entrepreneur and investor with a particular focus on the insurance and reinsurance industries. He is the founder and former Chairman and CEO of Aeolus Capital Management Ltd., a Bermuda-based investment fund which manages over $5 billion of capital on behalf of investors seeking to invest in the global property catastrophe reinsurance market. Since its inception, Aeolus Capital has been one of the world's best performing hedge funds according to Barron's. In 2017, Mr. Appel sold a controlling interest in Aeolus Capital to Elliott Management Corporation, an international hedge fund with over $30 billion of assets under management.
Mr. Appel was also the founder and former Chairman and CEO of Aeolus Re Ltd., a global property catastrophe reinsurance company, which became one of the most profitable mid to large size start-up reinsurance companies in the history of the reinsurance industry. Together, Aeolus Capital and Aeolus Re have deployed over $30 billion of capital in the worldwide reinsurance market.
Mr. Appel was previously a co-founder and former CEO and President of Arch Capital Group Ltd., one of the world’s foremost insurance and reinsurance companies. During his tenure as CEO, Arch Capital was transformed into a major participant in the global insurance and reinsurance marketplace, with the company’s market capitalization increasing from approximately $135 million to nearly $3 billion. Also under his leadership, Arch Capital's insurance and reinsurance businesses each became the fastest growing mid to large size company in the history of their respective industries. Today, Arch Capital has a market capitalization in excess of $12 billion.
Mr. Appel has also been a founding investor in a number of successful start-up insurance companies, and was the lead investor in the acquisition and recapitalization of Tri-City Brokerage LLC, where he oversaw the company's transformation into one of the nation’s leading independent wholesale insurance brokerage firms. Equity investors in the company realized a return in excess of one hundred times their investment when the company was sold one year after its acquisition. In addition, Mr. Appel is a lead investor in a number of early stage technology companies, has served as an angel investor in various ventures, and has an ownership interest in the Houston Astros.
Prior to his career as an entrepreneur, investor and business executive, Mr. Appel, a graduate of Harvard Law School, practiced corporate law with the New York City law firm of Willkie Farr & Gallagher, where he became one of the youngest partners in the firm’s history. Mr. Appel graduated summa cum laude with High Honors from Colgate University, receiving a dual degree in Economics and Political Science.
Sound Shore Holdings is a significant shareholder and is wholly owned by Joseph N. King. Mr. King was a founding member of the management team of Aeolus Reinsurance Ltd., a Bermuda-based reinsurance company founded in July 2006, and its Chief Underwriting officer for the duration of his tenure. During Mr. King’s 4-year tenure, Aeolus Reinsurance became one of the most profitable mid to large size start-up reinsurance companies in the history of the industry.
Mr. King was also a member of the original management team of Arch Capital Group Ltd., one of the world’s foremost insurance and reinsurance companies. Mr King assisted with the transformation of Arch into a major participant in the worldwide insurance and reinsurance marketplace, with the company’s market capitalization increasing from approximately $135 million to nearly $3 billion. Mr King was named the head of the treaty property department of Arch Reinsurance Co., the US reinsurer within the group. Under his leadership the department grew from $0 to $250M in annual revenue, with annual profits above $30M.
Mr King graduated from Franklin and Marshall college with a dual degree in Business Administration and Economics
Rebel Capital Advisors, LLC is a significant shareholder and is wholly owned by Norbert (Bert) C. Golinski. The primary purpose of the entity is to provide capital to early stage technology companies. To date, Rebel Capital has invested in more than forty companies with potentially disruptive technologies.
Prior to starting Rebel Capital, Mr. Golinski was a founding member of the management team of Aeolus Reinsurance Ltd., a Bermuda-based reinsurance company founded in July 2006, and its President for the duration of his tenure. During Mr. Golinski’s 5 1/2-year tenure, Aeolus Reinsurance became one of the most profitable mid to large size start-up reinsurance companies in the history of the industry.
Prior to Aeolus Reinsurance Ltd., Mr. Golinski was a Managing Director at Guy Carpenter where he formed and headed Guy Carpenter’s Bermuda operations after working for five years in Guy Carpenter’s U.S. offices. Prior to Guy Carpenter, Mr. Golinski worked at SCOR Re from 1993 to 1995 and Prudential Re from 1988 to 1993.
Mr. Golinski received a B.S. degree in Financial Management in 1988 from Clemson University, his CPCU in 1992, his ARe in 1993, and his M.B.A. from Temple University in 1997.
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