Concord, MA, May 26, 2020
Strategic Risk Solutions (“SRS”) today announced that Paul Owens will be joining the Board of Directors of the company. Mr. Owens will serve as an independent director as well as a strategic advisor to SRS.
Mr. Owens is a well known figure in the global captive industry. He was most recently the CEO of Willis Towers Watson PLC’s (WTW) Global Captive Practice and has over 30 years’ experience in the global insurance sector and recently in the captive industry in Europe, North America and Asia Pacific. Mr. Owens retired from his role at WTW earlier this year.
“We have known Paul for a long time and have tremendous respect for his knowledge of the captive market especially outside North America which is important to us given our expansion plans in Europe and beyond”, said Brady Young, President and CEO of SRS. “For me personally, I welcome the opportunity to discuss thoughts and ideas around the direction of the global captive and insurance industry with a peer who has seen and dealt with many challenges in his career over the past 30+ years”, added Young.
Commenting on his appointment, Mr. Owens said, “it was a privilege to lead the WTW global captive practice. Having retired and moved on from that role, I am keen to put some of the experience I have gained to use. I had great respect for SRS as a competitor and have been impressed with how SRS has developed into a very strong independent captive manager and a viable alternative to the broker owned managers. I am excited to see how I can assist SRS in its global expansion, leveraging its compelling independent model and singular focus on captive management and consulting.”
Mr. Owens will be based in the United Kingdom and will initially focus his strategic advisory role on the expansion of SRS’s operations in Europe and other new regions, while also providing advice on governance, operations and the overall direction of the business.
For more information or to address specific questions, please contact Brady Young.
About Strategic Risk Solutions (SRS) www.strategicrisks.com
SRS is the 4th largest captive management firm in the world and the leading independently owned manager. The company has representation in all major US captive domiciles, Barbados, Bermuda, Cayman and Europe. It provides financial reporting, regulatory compliance and program management services to existing and prospective captive insurance companies.