Strategic Risk Solutions (SRS) has announced that Charles “Chuck” Scherer has joined SRS Bermuda as a Senior Vice President, insurance-linked securities (ILS), in its Hamilton, Bermuda office.
Scherer holds two decades of experience in the financial services and insurance industries, having most recently served as Controller for a Florida-based surety insurance company.
Before that, he was SVP, ILS, at Aon Bermuda where he spent seven years dedicated to the sector.
Prior to Aon, he was a VP at Marsh USA, managing special-purpose financial captives and commercial insurance clients.
SRS suggests that Scherer will be a key member of the Bermuda leadership team and will be responsible for further expanding its growing influence in the ILS sector.
Jonathan Reiss, Chairman of SRS Bermuda, and to whom Scherer will report, commented, “Chuck has a proven track record of developing ILS products across both Property & Casualty (P&C) and Life sectors, especially with respect to structuring and licensing catastrophe bonds, transformers, sidecars, and life insurance securitizations.
“Chuck also has considerable experience managing captives and commercial insurance and reinsurance clients in both Bermuda and the United States. His breadth of experience and versatility will be a huge asset to our growing team at SRS.”
Scherer himself added, “I have long admired SRS’ independence and dedication to client service, and I noticed their commitment to the ILS sector which fits perfectly with my experience. I am excited to have this opportunity in a dynamic and growing business.”