Management > Damian

Management Team

Damian McNamara
Deputy Head, Captive & Alternative Risk Transfer Consulting
Principal Re Limited

Damian has more than 19 years of experience in the insurance industry covering numerous aspects of the sector including broking, captive management, ILS and risk management.  He started his career with the HSBC Group in 1999 as part of the Global Insurance Head Office team, based in London.  He was then seconded to the HSBC Group's captive in Guernsey for 3 years before returning to London to take on a role with the Financial Institutions Insurance Broking team.  In 2008 he moved to Investec Bank as the Head of Insurance for their European operations until 2011 when he took a short break to work for KPMG on their Solvency II team.

In 2012, he was recruited by the Kane Group, the largest global independent insurance manager to take over the role of Head of International Business Development.  In this role and as a subject matter expert, he advised corporate & commercial clients, insurance brokers, Lloyds syndicates, MGAs and insurers on the structure, establishment and running of various offshore risk retention vehicles, including captives, cell companies, side-cars, ILS structures and other capital efficient vehicles.  He has extensive knowledge of and experience in, setting up structures in Bermuda, Cayman Islands, Gibraltar, Guernsey, Hong Kong, Labuan, Malta, the PR of China (where he also acted as an adviser on captives to the Chinese Insurance Regulator - the CIRC - in 2015), Singapore and in numerous US states.

Prior to joining the insurance industry he served for 7 years in the British Army as an Infantry Officer.  He was raised and educated in Canada and attended Wilfred Laurier University in Waterloo Ontario, obtaining an Hons (BA) in International Relations.

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