- Posted by: Andrew Berry
- Category: news
Strategic Planning Service To Meet Growing Need
Concord, MA – January 29, 2020
Strategic Risk Solutions, Inc. (SRS) today announced the deployment of Captive 360°, a new strategic planning and execution service available to any captive. This effort will be led by senior SRS staff with decades of captive experience. SRS facilitators will be able to tap into SRS’s broad industry knowledge to deliver this superior product.
“We have launched this new offering in response to client feedback and marketplace needs,” said Brady Young, SRS President & Chief Executive Officer. “Captive owners want additional assistance evaluating strategic options to maximize the value provided to parent organizations. I am delighted to introduce Captive 360°to meet this demand.”
The offering was developed to stimulate interaction between all the captive’s stakeholders to ensure key strategic opportunities and challenges are identified. Captive 360° is a comprehensive, holistic review of all aspects of a captive’s operations, not just what additional coverages a captive can write or other risks faced by its insureds. The service is designed to be delivered efficiently – in terms of expense and time required of captive owner executives & board members – to any captive, regardless of captive manager.
“Building a useful strategic plan, as challenging as that can be, is not enough,” according to Jesse Olsen, SRS Advisers Director and Captive 360° Facilitator. “Execution and accountability are key. I am eager to deploy Captive 360° for the benefit of captive stakeholders.”
SRS has partnered with LIGHTSTANCE, a cutting-edge management consulting software company, to execute and support Captive 360°. According to Lamont Thurston, Chief Executive Officer, “We are very optimistic about the blending of SRS’s expertise applied through our proven process, software, and materials. This combination produced Captive 360°, a first of its kind approach to strategic planning for captives.”
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 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.