MultiStrat promotes James to CUO, Grealy transitions to Portfolio management role

MultiStrat, a specialty reinsurance and capital advisory business, has made two senior promotions within its underwriting team, with Kier James stepping 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.

Both of these promotions come as the company continues to build out its expertise, talent, capital, brokers, investors, and carrier partners in 2024 and 2025.

Further, MultiStrat also confirmed that Bob Forness, who previously served as the company’s Chief Executive and Chief Underwriting Officer, will now shift his focus on leading as Group CEO

An experienced veteran across the sector, James joined MultiStrat in January 2023 and has over 15 years of expertise in the insurance-linked securities (ILS) and reinsurance industries in both Bermuda and London, having previously held a variety of analytics and underwriting positions.

Prior to joining MultiStrat, James served as a Senior Underwriter at Everest Re (Bermuda), the reinsurance arm of insurer, Everest Group.

Additionally, James is also a Bermuda qualified lawyer, Professional Risk Manager (PRMIA) and ACII designation holder.

Meanwhile, Grealy has been with MultiStrat for over a decade. He joined the organisation in November 2013.

Prior to joining the firm, 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.

Grealy plays a critical role at MultiStrat, as he is responsible for developing the company’s portfolio and performance management of its growing book of transactions and portfolios for investors. In his expanded role, MultiStrat has confirmed that he will primarily 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.  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,” said Forness.

He continued: “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.”

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