MultiStrat Announces Senior Promotions
MultiStrat, the specialty reinsurance and capital advisory firm, has announced two senior promotions in its underwriting team as the company continues to build out its expertise, talent, capital, brokers, investors, and carrier partners in 2024 and 2025.
A spokesperson said, “Kier James has stepped up from Vice President, Underwriting, to the role of Chief Underwriting Officer [CUO], while Patrick Grealy, Executive Vice President, transitions to the expanded role of Portfolio & Performance Management.
“Bob Forness, who was previously MultiStrat’s Chief Executive and Chief Underwriting Officer, now focuses on leading as Group CEO.
“Mr. James joined MultiStrat in January 2023 and has over 15 years’ experience in the insurance-linked securities [ILS] and reinsurance industries in both Bermuda and London, having held various analytics and underwriting positions. Mr. James is also a Bermuda qualified lawyer, Professional Risk Manager [PRMIA] and ACII designation holder. Most recently, Mr. James served as a Senior Underwriter with Everest Re [Bermuda].
“Mr. Grealy has worked for MultiStrat for over 10 years, joining the company in November 2013. He previously worked in structured risk underwriting and actuarial functions at Imagine, XL and PWC, and is a Fellow of the Institute and Faculty of Actuaries. Mr. Grealy is responsible for developing MultiStrat’s portfolio and performance management of its growing book of transactions and portfolios for investors. In his expanded role, he will focus on insurance and investment performance, portfolio optimization, capacity allocation, analytics, reserving, and legacy resolutions.”
“MultiStrat is primed for growth and continues to build out its team to help achieve our ambitious growth goals,” said Mr. Forness. “While we continue to add exceptional new professionals to our team, today I want to highlight two members of our team who deserve enhanced roles within our growing company. Kier and Patrick’s promotions are testament to their extensive understanding of underwriting, actuarial, and collateralized reinsurance space and their commitment to MultiStrat’s exciting evolution as a company.”
“During 2024 and 2025, MultiStrat will continue to build out its talent base to meet growth demands, increase its footprint into other lines of business and territories, further develop its technology infrastructure for data automation and analytics, underwriting, pricing, claims oversight, collateral administration, and insurance and investment portfolio optimization. We have a phenomenal opportunity in front of us,” Mr. Forness said.
The spokesperson said, “MultiStrat recently completed its tenth year as a founder and innovator of casualty ILS reinsurance, laying the foundations for growth via increasing committed capital, talent acquisition, lines of business geographic territories, and broader collateralized reinsurance structural offerings.”
