Jireh Risk Advisors has partnered with Strategic Risk Solutions (SRS) to launch Strata ILS, an unrestricted special purpose insurer licensed by the Bermuda Monetary Authority.
Strata ILS, managed by SRS, will serve as a dedicated vehicle for ILS transformer transactions, available exclusively to Jireh and SRS clients.
Sal Tucci, founder and CEO of Jireh, highlights SRS’s scale and client-first model as key differentiators in the insurance management space.
He describes Strata as a long-awaited platform offering advanced execution and administrative service, rooted in a deep understanding of ILS from a business practitioner’s perspective.
"Strata is the new service standard for the transformation market, and it represents just the first of many initiatives that will propel SRS to become the provider of choice across the entire ILS market," Tucci adds.
Jonathan Reiss, managing director of SRS, says: "Sal is a proven leader and innovative strategist in the ILS sector who is already working with several of our clients in the ILS and broader commercial reinsurance sectors.
“He brings considerable additional capability to our team, and we are thrilled to be partnering with Sal and the Jireh team."
