Strategic Risk Solutions (SRS) has launched SRS Altitude, a managing general underwriter (MGU) that will focus on alternative risk transfer (ART) solutions. SRS Altitude will operate as an independent entity under the SRS umbrella, and is set to begin operations in the first quarter of 2024. Headquartered in Zurich, the MGU will offer a suite of ART solutions designed to address the risk management challenges and needs of corporate clients across industries. It will have a particular focus on structured (re)insurance and parametric offerings. SRS says: “Altitude will continuously explore emerging trends and technologies in the insurance landscape, such as climate change and supply chain disruption, offering clients access to the latest innovations.” Loredana Mazzoleni Neglén, a former Swiss Re Corporate Solutions senior executive, will lead Altitude as CEO. She brings more than 28 years of leadership experience to the role. Brady Young, CEO of SRS, comments: "The launch of Altitude represents a milestone in our ongoing efforts to diversify our offerings and enhance our ability to differentiate. [This is to] meet the evolving needs of our valued clients, captives and broker partners."
