Matthew Charleson will be joining Strategic Risk Solutions (SRS) as chief operating officer of fund services and insurance-linked securities (ILS), effective from 7 December 2020.
Based in Bermuda, Charleson will be responsible for further developing and implementing SRS’s services within the ILS sector of the insurance and reinsurance industry in key jurisdictions, including Bermuda, Cayman, Europe and the US.
Charleson will report to managing director Jonathan Reiss, who recently joined SRS.
Prior to his new role, Charleson worked at Apex as was managing director and head of insurance fund services.
He also held senior fund administration and insurance management roles at Kane LPI Solutions and Prime Management.
Brady Young, SRS’s president and CEO, said: “There is a strong need for a high-quality independent manager in the ILS sector. The market is concentrated with limited options, all at a time when there is a need for new ventures to support the insurance industry with rates hardening and innovation flourishing. We are investing in our specialist ILS capabilities both with respect to fund administration as well as insurance management to support this growing sector of the insurance industry.”
Commenting on his new role, Charleson added: “I am excited by the challenge of building out SRS’s ILS services.”
He continued: “SRS has deep capabilities in insurance management and has fund administration resources through its recent acquisition of Dyna Management that we will grow. By combining these capabilities and being independent of broker ownership, SRS is especially well positioned to be the service provider of choice for growing ILS businesses. I know Jonathan Reiss from our time at EY and am looking forward to working with him again.”