Board

Derrell Hendrix

Derrell is the founder and CEO of Karson Management (Bermuda) Limited and its subsidiaries, which he established in 2007, and RISConsulting which he co-founded in 1996 with Hannover Re. With over $15 billion in reserve collateral and capital financing transactions concluded to date, Derrell has established Karson and RISConsulting as well-recognized providers of effective risk and collateral financing solutions for major corporations and regulated financial institutions worldwide.

Derrell received a B.A. (Magna cum Laude) from Amherst College and an M.A. from the Fletcher School of Law and Diplomacy.

Richard Black

Richard is the CFO and a Director of Karson Management (Bermuda) Limited and its subsidiaries. Since coming to Bermuda in 1981, Richard has held various senior positions at AIG, Pinnacle Re, Centre Re, Stockton Re and Wind River Re. Richard is also a Director of various other Bermuda companies, including The Shipowners Insurance & Guaranty Company, affiliates of Thomas Miller and affiliates of Macquarie Bank.

Richard is a member of the Institute of Chartered Accountants in England & Wales.

Stephen Lawrence

Stephen is a Director of Karson Management (Bermuda) Limited, which he established in 2007 together with Derrell Hendrix. Stephen is a Fellow of the Institute of Chartered Accountants in England & Wales and trained with Arthur Andersen.  He joined the C.E. Heath group of companies in Bermuda in which he served as a Director of the captive manager C.E. Heath Bermuda Ltd. and its brokerage arm, as well as Director and Senior Vice President of Pinnacle Reinsurance Company Limited.  In 1991, Stephen was instrumental in the sale of Pinnacle’s business to Centre Solutions Ltd. and returned to London as Managing Director.  In 1993 he left to help set up a London office for European International Reinsurance Company, a specialist reinsurer in the Swiss Re group.

Stephen received a BSc. from Durham University and is a fellow of the Institute of Chartered Accountants in England & Wales.

Michael Fitzgerald

Michael is a Director of Karson Management (Bermuda) Limited and Karson Capital Limited. Michael is the Founder and Managing General Partner of Commonwealth Capital Ventures, the manager of four venture funds with over $600 million in capital.  With more than twenty-five years of experience in early stage venture investing, his investment activity has been focused on early stage technology and technology-based service companies with an emphasis on all aspects of the software industry.  Over the years, he has built strong relationships with world class investors and entrepreneurs to achieve mutual success.  In true partnership with entrepreneurs, he has provided both operational and financial expertise as well as a patient, long term view toward building companies.  He has helped shepherd a number of companies from raw startup to successful IPOs. Prior to founding Commonwealth, Michael was a General Partner at Palmer Partners, the manager of three early stage venture funds. During that time he also ran Distribution Management Systems, an enterprise supply chain software company which was later sold to Cullinet Software.  He began his career and association with the software industry at IBM.

Michael earned a BA from Amherst College in economics, where he captained both the football and golf teams.  He also earned an MBA from the Harvard Business School.