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Strategic Risk Solutions Launches European Operation in Dublin

Strategic Risk Solutions
August 09, 2017

Strategic Risk Solutions (SRS) announced the launch of Strategic Risk Solutions Europe (SRS Europe), a firm established in Dublin, Ireland, to serve US and European multinational captive insurance owners operating in Europe.

The firm will provide a full range of risk consulting and captive insurance management services. As an independent firm, SRS Europe will support its clients in a collaborative and innovative manner and help to foster and develop new ideas.

Stuart King joins as managing director and cofounder of SRS Europe. He will initially lead and oversee the firm's operations in the start-up phase as the captive management leadership and service teams mature and any regulatory licenses are obtained.

Mr. King will then lead the risk consulting business and focus on the provision of new generation multinational risk finance advisory services and the identification of opportunities in the evolving insurtech space. Mr. King has held risk finance advisory and insurance and captive management positions at the two largest global brokerage firms in addition to having experience in financial, regulatory, and capital reporting of structured finance solutions at a large global reinsurer. In 2013, he founded RENEVATIO, a successful privately held advisory firm. Mr. King is also a cofounder of the Blockchain Association of Ireland.

"SRS has been evaluating expansion to the European market for a while and we are delighted to have partnered with Stuart. We believe that we have found the right opportunity to leverage both the captive management and advisory model that has proved successful for SRS," said Brady Young, CEO of Strategic Risk Solutions. "We believe strongly in providing value added consulting services to support our captive management business and we will be taking this approach in order to build our presence in Europe. There is a growing demand for independent integrated advisory and captive insurance management services in Europe," added Mr. Young.

SRS is the fourth-largest captive management firm in the world and the leading independently owned manager. The company has representation in all major US captive domiciles, Bermuda, and Cayman, as well as its newly established European operation. It provides financial reporting, regulatory compliance, and program management services to existing and prospective captive insurance companies.

"Solvency II has raised the bar for European captive management service providers to look beyond merely meeting the day to day financial and regulatory reporting requirements of Solvency II and work collaboratively with captive owners to put a captive program first and foremost as an effective tool to manage and finance risk," said Mr. King. "I'm excited to be working with SRS to offer risk managers independent risk finance advisory services underpinned by solid, client focused, independent captive management services," added Mr. King.

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