SRS appoints Matthew Charleson as chief operating officer of fund services and ILS

Strategic Risk Solutions (SRS) has named Matthew Charleson as chief operating officer of fund services and ILS.

Charleson takes up his new position on December 7, 2020 and will be based in Bermuda, reporting to Jonathan Reiss, who he previously worked with at EY.

He joins from Apex where he was managing director and head of insurance fund services. He has also held senior fund administration and insurance management roles at Kane LPI Solutions and Prime Management.

In his new role Charleson will assume responsibility for developing and implementing SRS’s services within the ILS sector of the re/insurance industry in key jurisdictions, including Bermuda, Cayman, Europe and the US.

Brady Young, president and chief executive of SRS, said: “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 highlighted SRS’ capabilities in insurance management and fund administration, via its recent acquisition of Dyna Management. “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,” he said.