Stone Ridge Holdings Group, the holding entity for alternative asset manager with a reinsurance focus Stone Ridge Asset Management and its Longtail Re casualty reinsurance investment focused entity, has appointed former New York Life Chairman and CEO Ted Mathas as a Senior Advisor.
Mathas will be tasked with helping Stone Ridge to scale its suite of products for financial advisors and insurance companies, while also offering mentorship and guidance to its executives and operating subsidiaries.
Mathas was the CEO of New York Life for more than 14 years, and helped navigate the insurer through both the Great Recession and Global Pandemic.
New York Life’s assets under management more than tripled to $760 billion under his leadership and it remains a leading provider of retail life insurance and annuities in America.
Mathas has forged a close relationship with Stone Ridge over the last decade in his role at New York Life, including as an investor and a board member.
“I am fortunate to be in a position where I can retire from a full-time role and company I love, but not stop working on things I care deeply about with people who share my values and passion,” Mathas commented.
“I’m especially excited to help develop and distribute Stone Ridge’s breakthrough innovation of embedding longevity pooling inside asset management strategies. By combining my experience with their history and culture of innovation, I believe we can deliver revolutionary retirement solutions for financial advisors that will greatly enhance their clients’ ability to make retirement about the freedom to pursue what they want to do with the people they want to do it with.”
“Ted’s leadership skills and product expertise are unparalleled, but our partnership works because our values and mission align: relentless pursuit of Financial Security for All,” explained Stone Ridge Founder and CEO, Ross Stevens. “Ted and I have worked closely over the years and I’m honored and thrilled he is joining Stone Ridge, coaching me and our entire executive team to become better leaders while helping our operating companies thrive.”
With Mathas’ experience in life and retirement, he is set to help Stone Ridge as it looks to develop and launch new asset management strategies that, the company says will, “harness longevity pooling to deliver significantly higher, inflation-protected, and credit-risk-free payouts compared to traditional fixed income,” using a number of innovations Stone Ridge has been working on.
Mathas will be Advisory Chairman of this initiative, assisting Stone Ridge with its goal to “fundamentally transform retirement, and retirement planning, in America.”