Andrew K. Davilman serves as Chief Operating Officer of Cohen & Company’s Asset Management business and is a Managing Director, Sales and Special Projects with Cohen & Company Securities, LLC, Cohen & Company’s broker-dealer subsidiary. Mr. Davilman spent 16 years at Goldman, Sachs & Co. (“Goldman Sachs”) in a variety of positions. As a Managing Director, from 2006 to 2010, Mr. Davilman founded and co-ran the Structured Credit Sales desk. Prior to that, Mr. Davilman worked in institutional mortgage sales from 1998 to 2006. From 1994 to 1998, Mr. Davilman traded mortgage-backed security derivatives including, inverse floaters, inverse IOs, IOs and POs, and CMO residuals. Before joining Goldman Sachs, Mr. Davilman traded mortgage-backed security derivatives at Lehman Brothers from 1989 to 1994. Mr. Davilman has expertise in credit default swaps, collateralized debt obligations and collateralized loan obligations, as well as other derivatives and cash instruments typically traded across the fixed income universe. Mr. Davilman holds an A.B. in Religion from Dartmouth College and holds an M.B.A from Stanford University’s Graduate School of Business.
John Butler is Managing Director and Head of Cohen & Company’s U.S. Insurance Asset Management Platform and Global ILS Program. Additionally, Mr. Butler has served as President and Chief Executive Officer of the INSU series of special purpose acquisition corporations (‘SPACs’) sponsored by Cohen & Company and formed for the purpose of effecting a business combination with a primary focus in the insurance, reinsurance or insurance related services sectors. From 2012 to 2017, Mr. Butler worked for Twelve Capital, a European asset manager specializing in investment in the insurance sector where he served in various senior roles including Managing Partner & Head of Investment Management. In this role, Mr. Butler oversaw the investments principally in fixed income, insurance linked securities and equity. Prior to this, Mr. Butler worked as Senior Underwriter managing the International Catastrophe and Terrorism reinsurance portfolios of Hannover Re Bermuda, where he was responsible for managing the company’s position as a lead reinsurer particularly in European and Asia-Pacific markets. Prior to this, Mr. Butler spent seven years with the White Mountains Insurance Group, both in Ireland and Bermuda, managing the underwriting of an international non-marine treaty portfolio. Earlier in his career, Mr. Butler worked for entities in the London reinsurance market, underwriting a broad range of business lines. Since February 2020 Mr. Butler has served as a member of the advisory board of Kovrr Inc., Israel. A leading provider of cyber risk analytic tools for insurance and corporate risk management. Since June 2020 Mr. Butler has served as Vice Chair of TCI Re, a Puerto Rico based reinsurance company. From August 2021 to July 2022 Mr. Butler served as non-executive Chairman of Metromile Inc. (NASDAQ: MILE) a technology focused auto insurance company. Mr. Butler holds an honors degree in Law from the University of London, is an Associate of the Chartered Insurance Institute of the UK, a member of the Insurance Institute of Ireland, is qualified as a Chartered Insurer and is appointed a Freeman of the City of London and a Freeman of the Worshipful Company of Insurers.
Paul Vernhes is the Chief Executive Director of Cohen & Company Financial (Europe) S.A., Cohen & Company, LLC’s wholly-owned French subsidiary. He has 28 years of insurance related experience. Mr. Vernhes has been with Cohen & Company since 2005 and has been responsible for the insurance credit analysis for the Dekania Europe and the PriDe investment vehicles. From January 2004 to April 2005, Mr. Vernhes was the Chief Financial Officer of Corifrance, the French reinsurance subsidiary of Markel Corp. Prior to and in addition to his role as Chief Financial Officer, Mr. Vernhes served as a treaty and facultative reinsurance underwriter for Corifrance in Europe and Latin America. Previously, Mr. Vernhes served as a strategy and management consultant to the insurance industry at A.T. Kearney and Deloitte & Touche Consulting Group. He also served as a second lieutenant in a French paratroop regiment during his military service. Mr. Vernhes is a graduate of the Ecole de Hautes Etudes Commerciales (HEC) and holds a M.Sc. in Finance from the London School of Economics.
Amédée de Clermont-Tonnerre is a Director of the French branch of Cohen & Company Financial (Europe) Limited, Cohen & Company, LLC’s wholly-owned Irish subsidiary. Mr. de Clermont-Tonnerre who joined Cohen & Company in February 2011, has 21 years of experience with Debt Capital Markets and 13 years of experience in Asset Management. Mr. de Clermont-Tonnerre joined Natixis Asset Management in 2005 as Head of Structured Credit Investments. From 2009 until he joined Cohen & Company, Mr. de Clermont-Tonnerre was in charge of a EUR 4 billion Credit and Structured Credit legacy book. Prior to that, Mr. de Clermont-Tonnerre worked at CDC Ixis Capital Markets, first as Head of Fixed Income Risk Management and then as Senior Credit Risk Manager. Mr. de Clermont-Tonnerre began his career in 1997 at the French bank Credit Industriel et Commercial where he first worked in front office risk management and then became an Interest Rate Derivative Proprietary Trader. Mr. de Clermont-Tonnerre is a certified Actuary from EURIA (Euro Institute of Actuary).