Brady Young Videos

Brady Young

Mr. Young is the principal owner of Strategic Risk Solutions, having been with the company since its inception in 1993.

Contact Info

2352 Main Street, Suite 204
Concord, MA 01742
brady.young@stragegicrisks.com
(781) 487-9800

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Mr. Young is the principal owner of Strategic Risk Solutions, having been with the company since its inception in 1993. He led the management buyout of SRS to establish the company as an independent entity in August 2002.

As the firm’s CEO, he is responsible for the overall strategic development of SRS and also works directly with many of the firm’s larger and more complex clients. Mr. Young has more than 25 years of captive insurance experience and has worked with U.S. and European companies in most industries to assess the need for and optimize the role of their captive insurers. He has been involved in the formation of numerous captives and has provided strategic and operational consulting to many of SRS’s clients.

Prior to joining SRS in 1993, Mr. Young spent 8 years with Tillinghast-Towers Perrin. As principal in the firm, he managed the London, Boston, and Toronto risk management practices and worked on a variety of risk management- and captive-related assignments for corporations and groups covering a wide spectrum of risks and industries.


  • Key Components of a Feasibility Study

     
    Captive Feasibility | Brady Young | President & CEO | Strategic Risk Solutions

    Conducting a feasibility study is an important part of determining whether a company should form a captive or join an existing captive. In this video, Brady Young of Strategic Risk Solutions describes the key issues that should be addressed in a captive feasibility study. These issues include studying the risk retentions in the current program, comparing all the risk finance alternatives that might be used, examining expected results over time with best- and worst-case financial pro-forma statements, federal and state tax impact, and domicile options.



  • Captive Feasibility Studies: Common Mistakes

     
    Captive Feasibility | Brady Young | President & CEO | Strategic Risk Solutions

    As discussed in the video “Key Components of a Feasibility Study” by Brady Young of Strategic Risk Solutions, conducting a feasibility study before forming a captive insurance company is essential. In this video, he outlines some of the most common mistakes made during feasibility studies, including underestimation of future losses, overestimation of investment income, unrealistic operating expense expectations, and incomplete analysis of tax issues at state, federal, and local levels.



  • Tips for Selecting a Captive Manager

     
    Captive Operation and Services | Brady Young | President & CEO | Strategic Risk Solutions

    For interviewing and selecting a captive insurance company manager, Brady Young of Strategic Risk Solutions says to look for industry and general experience in the captive insurance business, familiarity and experience with the domicile in which the captive insurance company is to be located, and the capability of the manager to utilize technology efficiently to meet the information availability and information security needs of the captive insurance company.



  • Key Services Provided by a Captive Manager

     
    Captive Operation and Services | Brady Young | President & CEO | Strategic Risk Solutions

    According to Brady Young of Strategic Risk Solutions, a captive insurance company manager must provide timely, regular financial reporting and coordinate services from actuaries, auditors, investment managers, and banking associates. This manager must also organize regular meetings required by the captive insurance company and act as a liaison with regulatory bodies within the domicile.



  • New and Innovative Uses for Captives

     
    Captive Uses, Trends & Innovations | Brady Young | President & CEO | Strategic Risk Solutions

    Some of the emerging uses for captive insurance companies, as Brady Young of Strategic Risk Solutions explains, are enterprise risk coverages for generally uninsurable exposures, customer risks such as warranties and service contracts, healthcare capitation risks involving services that cost more than their legally allowed pricing, and medical stop loss coverage. Although not new, some other areas of growth in the use of captive insurance companies include terrorism risk and physician risk retention groups.