Strategic Risk Solutions (SRS), a provider of captive management and consulting services, has appointed the son of Fred Reiss, the man widely regarded as the founder of the captives industry, as its new managing director.
Jonathan Reiss, also a founder and the former CFO of Hamilton Insurance Group, is currently president of strategic partnerships at Hamilton Insurance Group in Bermuda. He is expected to join SRS during the fourth quarter 2020. He will assume responsibility for several expansion initiatives, primarily focused in the commercial insurance and reinsurance sector.
Reiss was one of the founders of Hamilton, having previously served as its group chief financial officer. He now oversees a variety of Hamilton’s strategic initiatives, including Hamilton ILS, Hamilton’s Syndicate Management business at Lloyd’s and certain InsurTech joint venture interests.
The latter includes serving as a director of Attune, Hamilton’s digital MGA joint venture with AIG and Two Sigma. Previously, he was the leader of EY’s Insurance practice for the Bermuda, Bahamas and Cayman region.
Brady Young, president and CEO of SRS, said: “I am excited to have someone of Jonathan’s caliber and experience join the firm. We have enjoyed consistently strong growth in our core captive management and consulting business including expansion of those businesses geographically.
“We also believe there are opportunities to provide more services to commercial insurers and reinsurers as well as developing new products, services and risk capital to support our existing captive client base. Jonathan will play a lead role in helping us evaluate these opportunities and, where appropriate, to implement solutions.”
Reiss added: "I am thrilled to be joining the terrific team at SRS and in a role that builds on my prior experiences. SRS is a leader in the captive management industry, and as the largest independent manager, is the best alternative to the broker owned managers. Because of its impressive client base and broad insurance manager and risk management capabilities, SRS is uniquely well positioned to expand into complementary areas of the broader insurance industry.”
Strategic Risk Solutions, Appointment, Insurance, Captives, Jonathan Reiss, North America