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Strategic Risk Solutions Grows Presence in Barbados

Barbados Coat of Arms
November 14, 2017


Strategic Risk Solutions (SRS) has acquired CGE Group (CGE), a captive and other international business management company in Barbados. CGE's current CEO, Chris Evans, will lead the Barbados operations.

In 2003, Mr. Evans formed CGE, one of the leading independent captive management firms in Barbados. The firm services captive insurers and other international business entities owned by Canadian and US organizations.

"We believe that Barbados is well suited to our captive management model and establishing an operation in Barbados will allow us to expand our reach among North American captive owners, particularly in Canada," said Brady Young, president and CEO of SRS.

Mr. Young continued, "In reviewing the market it quickly became apparent that CGE was an ideal fit with SRS and that an acquisition would allow us to establish a strong immediate presence.

"We are excited to welcome Chris and his team into the SRS family and look forward to working with them to further grow our presence in Barbados and continue delivering excellent service to CGE's clients and others that are looking for more value added services."

SRS operates predominantly in the United States, Bermuda, and Cayman and recently opened a European operation. The CGE acquisition is the company's first operations in Barbados.

"I have … been very impressed with the depth of resources, professionalism and client focus of [SRS]," said Mr. Evans. "Their approach and philosophy is similar to our own. I believe we have found an ideal partner in SRS in providing continuity to clients and staff."

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