Matthew Charleson to Join SRS as ILS Initiative Expands

Concord, MA, November 23, 2020

Strategic Risk Solutions, Inc. and subsidiaries (“SRS”), providers of insurance management and consulting services, announced today that Matthew Charleson will be joining SRS as Chief Operating Officer of Fund Services and ILS. Mr. Charleson’s appointment is effective as of 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 jurisdictions where SRS operates, including Bermuda, Cayman, Europe and the US. Mr. 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.”

“I am excited by the challenge of building out SRS’s ILS services”, said Matthew Charleson. “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”, added Charleson.

Mr. 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. Prior to that, Mr. Charleson was a Manager at EY.

For more information or to address specific questions, please contact Andrew Berry.

About Strategic Risk Solutions (SRS) www.strategicrisks.com

SRS is the world’s leading independent insurance manager. The company provides general management, financial reporting, regulatory compliance, consulting and underwriting services to a range of insurance company structures from single parent captives to commercial reinsurers. A Bermuda subsidiary, Dyna Management Services, provides fund administration services. SRS has operations throughout the United States, Europe, Barbados, Bermuda, the Cayman Islands and South Africa.