Strategic Risk Solutions (SRS) has hired Jonathan Reiss as managing director and as a member of the board.
Reiss, who is currently president of strategic partnerships at Hamilton Insurance Group in Bermuda, is expected to join SRS during Q4 2020.
Based in Bermuda but with a firmwide global remit, Reiss will assume responsibility for several expansion initiatives, primarily focused on the commercial insurance and reinsurance sector.
He brings over 27 years of experience in the insurance industry and is one of the founders of Hamilton, having previously served as its group chief financial officer.
Previously, Reiss was the leader of EY’s insurance practice for the Bermuda, Bahamas and Cayman region.
He is the son of Fred Reiss, who is widely regarded as the founder of the captive insurance industry.
Commenting on his new role, Reiss said: “I am thrilled to be joining the terrific team at SRS and in a role that builds on my prior experiences.”
“SRS is a leader in the captive management industry, and as the largest independent manager, is the best alternative to the broker owned managers. Because of its impressive client base and broad insurance manager and risk management capabilities, SRS is uniquely well-positioned to expand into complementary areas of the broader insurance industry,” he added.
Brady Young, president and CEO of SRS, stated: “I am excited to have someone of Jonathan [Reiss]’s calibre and experience join the firm. We have enjoyed consistently strong growth in our core captive management and consulting business including the expansion of those businesses geographically.”
He continued: “We also believe there are opportunities to provide more services to commercial insurers and reinsurers as well as developing new products, services and risk capital to support our existing captive client base. Reiss will play a lead role in helping us evaluate these opportunities and, where appropriate, to implement solutions.”