Matthew Charleson Joins Strategic Risk Solutions' ILS Initiative

Strategic Risk Solutions, Inc. (SRS), and its subsidiaries have announced that Matthew Charleson will join SRS as the chief operating officer of fund services and insurance-linked securities (ILS).

Mr. Charleson will join the insurance management and consulting services provider effective on December 7, 2020.

Based in Bermuda, Mr. Charleson will be responsible for further developing and implementing SRS's services within the ILS sector of the insurance and reinsurance industry in key jurisdiction in which SRS operates, including Bermuda, the Cayman Islands, Europe, and the United States. Mr. Charleson will report to Managing Director Jonathan Reiss, who joined SRS earlier this month.

Mr. Charleson joins SRS from Apex, where he was the managing director and head of insurance fund services. Previously, he held senior fund administration and insurance management roles at Kane LPI Solutions and Prime Management. Prior to that, Mr. Charleson was a manager at Ernst & Young (EY).

"There is a strong need for a high-quality independent manager in the ILS sector," Brady Young, president and CEO of SRS, said in a statement. "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."

"I am excited by the challenge of building out SRS's ILS services," Mr. Charleson said in the statement. "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 from our time at EY and am looking forward to working with him again."