Prior to joining FG Reinsurance Ltd, Mr. Heise served as Director and Chief Executive Officer of
Insurance Income Strategies Ltd., a Bermuda based reinsurance holding corporation, and as the
Director and Chief Executive Officer of its wholly owned subsidiary IIS Re (Cayman), Ltd., a Cayman
Islands corporation operating as Class C insurer. Mr. Heise also serves as the Non-Executive
Director for Akinova (Bermuda) Ltd., a digital risk trading insurtech start-up promising a digital
platform for trading insurance and reinsurance risks.
Mr. Heise co-founded and was CEO of the Bermuda Commodities Exchange (BCOE) and Clearing House, 25
years ago, whose products are the basis for the insurance linked securities market. Mr. Heise also
worked with Guy Carpenter to create the index that the products were based upon. Mr. Heise was an
author of the rules and regulations of the BCOE, which included the Bermuda Monetary Authority as
the regulator of the BCOE in 1995. Mr. Heise has previously served as the President of BlueGreen Re,
a Bermuda reinsurer, a Director Horseshoe Management (Ireland) Ltd, and as President of RedRidge
Capital Advisors. Mr. Heise is also an experienced, global executive with general management and
entrepreneurial experience in international, domestic, public and private insurance and financial
services companies, including living overseas with total responsibility for the operations of a
start-up and a subsidiary of a Fortune 100 company. Mr. Heise is experienced in start-up and turn
around environments with extensive knowledge in new product development, financial, legal, and
regulatory matters. Mr. Heise served as the VP of Mergers and Acquisitions at Near North National
Group. Then, Mr. Heise was the Director of Reinsurance & Financial Planning for American
International Group, Inc. He was a registered person with FINRA and the Central Bank of Ireland.