Insurance management and consulting services provider Strategic Risk Solutions (SRS) has appointed Matthew Charleson as Chief Operating Officer (COO) of Fund Services and ILS, effective December 7th.
Based in Bermuda, Charleson will be responsible for further developing and implementing SRS’s services within the ILS sector in key jurisdictions, including Bermuda, Cayman, Europe and the US.
Charleson joins from Apex where he was 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, and prior to this he was a Manager at EY.
Going forward, Charleson will report to Managing Director Jonathan Reiss, who joined SRS earlier this month.
“There is a strong need for a high-quality independent manager in the ILS sector,” said SRS President and CEO Brady Young.
“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.”
Charleson also commented: “I am excited by the challenge of building out SRS’s ILS services. 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.”