Strategic Risk Solutions unveils Altitude
Strategic Risk Solutions (SRS) has announced the launch of its latest ART venture: a Managing General Underwriter (MGU), Altitude, headquartered in Zurich.
In what the company said is a strategic move aimed at expanding its client services portfolio, SRS Altitude will operate as an independent entity under the SRS umbrella, offering a comprehensive suite of ART solutions designed to address the growing complex risk management challenges and needs of corporate clients across industries.
"We are thrilled to introduce Altitude as an integral part of our long-term commitment to providing exceptional client service," said Brady Young, chief executive of SRS. "The launch of Altitude represents a significant milestone in our ongoing efforts to diversify our offerings and enhance our ability to differentiate and meet the evolving needs of our valued clients, captives and broker partners."
Loredana Mazzoleni Neglén, former Swiss Re Corporate Solutions senior executive, will lead Altitude as global chief executive. In addition, SRS said it has recruited several seasoned ART and corporate insurance industry experts that will join in the coming months.
“We have assembled a team with an outstanding track record and genuinely industry-leading capabilities to launch Altitude in the market, ensuring our clients receive best in class service," Young said.
According to SRS Clients, captives, and broker partners can expect a bespoke approach to risk management backed by strong underwriting solutions competence and track records, ensuring that their unique needs are met with precision and care.
“Altitude will focus on a wide array of ART solutions with an emphasis on best in class structured (re)insurance and parametric offerings,” said SRS in a statement. “Altitude will continuously explore emerging trends and technologies in the insurance landscape such as climate change and supply chain disruption, offering clients access to the latest innovations.”
Altitude is set to begin operations in the first quarter of 2024.