Hamilton, Bermuda, April 11, 2019
Strategic Risk Solutions (“SRS”), a provider of captive management and consulting services announced today that Richard Daley will be joining the company on August 1st. Mr. Daley has been with JLT Insurance Management (Bermuda) Ltd. (JLT) for 13 years and has led the firm for the last four years as its President.
“I am proud of the captive management business we built at JLT and it is difficult to walk away from that”, said Richard Daley. “SRS represents a new chapter in my career and an opportunity to work for an independent captive manager focused on delivering top quality captive management services to its clients”, added Daley.
SRS is currently the fifth largest captive management company worldwide and the largest Independent manager. Mr. Daley will be joining as Managing Director of Strategic Risk Solutions (Bermuda) Ltd and will work alongside David Sykes and Andrew Hupman, also Managing Directors, in SRS’ Bermuda office. He will also join the Board of SRS International which includes SRS’s activities in Bermuda, the Cayman Islands and Barbados.
“Richard is a leading figure in the Bermuda captive insurance industry and we are excited to have him join us”, said Brady Young, President and CEO of SRS. “We believe there are opportunities to continue to expand our business in Bermuda and provide a viable high-quality option to the broker-owned managers. Richard will help us take our business to the next level, both in terms of strengthening our local presence and the breadth of the services we provide to our captive clients”, added Young.
“Andrew and I have tremendous respect for the work that Richard has done at JLT and for the Bermuda captive industry in general”, said David Sykes, Managing Director of Strategic Risk Solutions (Bermuda). “He was always a strong adversary as a competitor and we look forward to working with Richard to continue to build our Bermuda business”, added Sykes.
About Strategic Risk Solutions (SRS) www.strategicrisks.com
SRS is the 5th largest captive management firm in the world and the leading independently owned manager. The company has representation in all US captive domiciles, Barbados, Bermuda, Cayman and Europe. It provides financial reporting, regulatory compliance and program management services to a wide variety of single parent, group and other insurance companies.