A member of the House of Lords has been appointed to the strategic advisory board of Members Capital Management Ltd, the Bermudian-domiciled investment manager.

Chris Holmes MBE, Lord of Richmond, has been a Lord since 2013.

He is also Britain’s most successful Paralympic swimmer, with 15 medals, including nine golds.

The company said: “Lord Holmes, a distinguished leader in both the public and private sectors, brings a wealth of experience that will significantly enhance MembersCap’s strategic direction.

“His commitment to innovation and inclusivity aligns closely with our strategic initiatives of unlocking new sources of capital, and democratising access to the global private reinsurance markets.

“We are confident that Lord Holmes’s insights will help guide our mission to provide greater access to institutional-grade investment opportunities while meeting the needs of a prosperous future.

“Lord Holmes has been a prominent advocate for accessibility and inclusion, and a strong proponent of digital technologies.”

Lord Holmes said: “I am honoured to join Members Capital Management’s strategic advisory board. The company’s commitment to bringing innovative solutions to the global reinsurance market, while promoting a democratised investment approach, resonates deeply with my own values. I look forward to contributing to MembersCap’s mission and helping shape its future direction.”

Lloyd Wahed, co-founder, managing partner, and chief executive at MembersCap, said: “We are excited to welcome Lord Chris Holmes to our strategic advisory board.

“His proven track record in championing innovation and navigating complex regulatory environments will not only guide our strategic vision, but also enhance our ability to deliver an exceptional product to our investment partners.

“We look forward to leveraging his insights, experience, and expertise, as we enter an extremely exciting growth period for the company."

Members Capital Management said it will be launching its flagship fund in the first quarter of next year with a mission to democratise reinsurance by matching the right capital with the right risks.

The fund, which MembersCap said is a first-of-its-kind offering, will be denominated in both fiat (US dollars) and digital (USD Coin) currencies, focused on the global private reinsurance market.