SRS appoints new ILS executive

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.

Reporting to Jonathan Reiss, chairman of SRS Bermuda, the company said that Scherer will be a key member of the Bermuda leadership team and will be responsible for further expanding SRS’ growing influence in the ILS sector.

“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,” said Reiss. “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 has 20 years of experience in the financial services and insurance industries. Prior to joining SRS, he served as controller for a Florida-based surety insurance company. Before that he was senior vice president, ILS at Aon Bermuda where he spent seven years dedicated to the ILS sector. Prior to that he was a vice president at Marsh USA, managing special purpose financial captives and commercial insurance clients.

“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,” said Scherer. “I am excited to have this opportunity in a dynamic and growing business.”