Concord, MA, November 6, 2023 – Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, today announced the launch of its latest ART venture: a Managing General Underwriter (MGU), Altitude. In a strategic move aimed at expanding its client services portfolio, SRS Altitude, headquartered in Zurich, will operate as an independent entity under the SRS umbrella, offering a comprehensive suite of Alternative Risk Transfer 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, CEO 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 CEO. In addition, Strategic Risk Solutions has recruited several seasoned ART and Corporate insurance industry experts that will join in the coming months.
Young further commented “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."
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. 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. For more information about the services offered by Altitude, please visit SRS Altitude.
About Strategic Risk Solutions (SRS):
SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
For more information on SRS, please visit www.strategicrisks.com.
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Sandra St. Onge