Opalesque Industry Update: SaLaurMor Capital LP has announced that Richard Sbaschnig, CFA, has joined the firm as a Senior Analyst focusing on the insurance industry. Mr. Sbaschnig brings to SaLaurMor almost ten years in the investment business, including buy-side and sell-side experience covering property-casualty, life insurance, and insurance brokerage firms. Mr. Sbaschnig will be based in the midtown New York City office.|
Richard comes to SaLaurMor from Hovde Capital Advisors, a registered investment adviser which manages the Financial Institution Partners Fund, a series of long-short hedge funds with a focus exclusively on the financial services sector. At Hovde, Richard generated investment ideas for the long-short equity and credit investment fund utilizing detailed statutory and GAAP financial statement analysis, covering reserves and investments. Prior to Hovde, Richard was the lead analyst for the property-casualty insurance, life insurance, and insurance brokerage companies at Oppenheimer & Co. Inc. Richard played a pivotal role in expanding the firm’s coverage into property-casualty and insurance distribution. Richard began his career at Swiss Re where he advised senior managers on business strategy and completed special projects.
“We are pleased to welcome Richard to SaLaurMor Capital. After having worked with Richard at Swiss Re, I look forward to working with him again as he enhances our detailed financial statement analysis in the insurance industry”, said Joel Salomon, Founder. “During our discussions in recent months, we’ve come to appreciate Richard’s enhanced statutory analysis since his days at Swiss Re”, he added.