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

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note