Hedge-Fund Reinsurer Underwriter Names CEO

Sep 5 2013 | 11:04am ET

Multi-Strat Re, which helps hedge-fund-backed reinsurance companies enter the market, has a new leader.

Bob Forness was named chairman and CEO of the Bermuda special-purpose insurer. He joins the firm after stints at his own firm, alTreo, and reinsurers Imagine Group and Odyssey Re.

Multi-Strat runs a master reinsurer, underwriting on behalf of the hedge-fund reinsurers and allocating premiums to them to invest in the underlying hedge fund.

"We are thrilled that someone of Bob's caliber and experience has joined us in our quest to revolutionize both the asset-management and reinsurance industries," Multi-Strat Holdings CEO Joe Taussig said. "Bob and I go way back. I had a hand in his joining Imagine in 2002 and we were putting together a company similar to Greenlight Re with a world-class asset manager when the financial crisis of 2008 interrupted the project," he added, referring to hedge fund Greenlight Capital's reinsurance business.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.