SRS Europe

Managing Director, SRS Europe

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Current Responsibility

Derek is Managing Director, Strategic Risk Solutions (Europe) Limited and a member of the Board of Directors. He is responsible for developing and managing the firm’s consulting business in Europe, including the provision of captive feasibility studies, captive strategic reviews, technical consulting and risk financing consulting studies.

Experience

Derek joined SRS in May 2020. He was formerly Senior Vice President with Marsh Captive Solutions and International Practice Leader for the firm’s Captive Advisory department in London. In addition to his risk finance advisory experience, he spent over 10 years in Marsh’s captive management practice where he served a range of multinational captive owners and special purpose reinsurance entities. He also led Marsh’s EU Solvency II and BEPS initiatives, the latter in partnership with FERMA (Federation of European Risk Management Associations). Prior to his experience in the captive insurance industry, Derek was a Senior Audit Manager with WHK Greenwoods based in Sydney, Australia.

Education, Affiliations and Professional Designations

  • Fellow of the Institute of Certified Public Accountants in Ireland
  • National University of Ireland, Bachelors of Science (Hons), Economics and Finance

Managing Director, SRS Europe, Luxembourg Branch

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Current Responsibility

Brian is responsible for managing the captive operations in Luxembourg as well as assisting client operations internal to the group. Captive management operations include management of client portfolio, consistent achievement of accurate, timely financial reporting, preparation of accounts as needed, supervisory financial review of staff work product, ensuring timely and accurate regulatory filings, internal and external stakeholder relationships, local office management and assist with new business as needed based on domicile activity.

Experience

Brian was formerly the licensed manager, and ran, the insurance and reinsurance captives of the Randstad group in Luxembourg, which focused on the employee benefits of the group’s 700,000 employees.

Prior to that, Brian worked at Marsh’s captive solution for over 20 years, in both Luxembourg and Dublin, leaving as Senior Vice President. There, he managed a portfolio of 40+ international clients with his team of 16 colleagues, as well as being the Luxembourg member of the Solvency II Implementation committee and the Global IT Steering committee.

Education, Affiliations and Professional Designations

  • Licensed Manager of Insurance companies in Luxembourg, issued by the Minister of Finance.
  • Licensed Manager of Reinsurance companies in Luxembourg, issued by the Minister of Finance
  • Member of the Chartered Institute of Management Accountants

Director of Underwriting

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Current Responsibility

Andy is Director of Underwriting within the SRS Group. He is responsible for developing underwriting capability and services supporting SRS’ global management of its (re)insurance clients anconsulting practices. Andy is based in the United Kingdom and is actively involved in the expansion of the firm’s services in Europe. He also leads the underwriting services provided to Bermuda domiciled clients. 

Experience

Andy joined SRS in April 2020. He was formerly the Chief Underwriting Officer of a large Insurance and Reinsurance group owned by Hochtief, one of the world’s largest construction group where he was responsible for leading the underwriting of both captive and commercial market/unrelated risks. Prior to being CUO, Andy was Executive Vice President at JLT in Bermuda and London responsible for business development and captive consulting. Andy brings over 18 years of underwriting experience, of which, half has been in the captive industry. Andy has experience across a wide range of traditional and non-tradition (re)insurance products and experience in the UK, European mainland and Bermuda (re)insurance and captive markets. 

Education, Affiliations and Professional Designations

  • Chartered Insurer, Chartered Insurance Institute
  • Associate of the Chartered Insurance Institute
  • Brunel University, Bachelors of Science, Management
Annette HEaney Headshot_Website

Associate Director and Head of Finance, SRS Europe

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Current Responsibility

Annette joined Strategic Risk Solutions Europe (SRS Europe) in January 2018 as Associate Director and Head of Finance Europe. Annette is supporting the firm’s expansion into various European captive domiciles as well as focusing on the captive management client services delivery platform.

Experience

Annette joined SRS Europe following 10 years with Marsh Captive Management Dublin, where she served large and complex multinational captive owners domiciled in Ireland. Annette developed a comprehensive knowledge of the requirements for all three pillars of the Solvency II regime having prepared for the implementation of the regime in recent years and successfully completing the inaugural annual reporting for a number of clients under the Solvency II regime in 2017.

Education and Professional Designations

  • Chartered Certified Accountant (ACCA)
  • National University of Ireland, Galway – BA (Hons) International in Economics and French
Mary_McMorrow_Photp_Website

Associate Director and Head of Governance, SRS Europe

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Current Responsibility

Mary is Associate Director and Head of the European Governance, Risk and Compliance (“GRC”) practice. In her role, Mary is responsible for the development and delivery of GRC services across the European practice. Mary has recently joined SRS having garnered 18 years relevant experience in the fields of audit, captive management and compliance.

Experience

Mary held the position of Compliance Officer for an Irish branch of a French commercial insurer from 2013-2016. Prior to joining SRS, Mary also spearheaded a Solvency II Narrative Reporting project and successfully implemented the SFCR and RSR requirements for a large number of captives. Mary has also performed Internal Audit reviews for a number of clients during this period.

Education and Professional Designations

  • Fellow of the Institute of Chartered Accountants, Ireland
  • National University of Ireland, Galway – BA (Hons) International in Economics and French
M Cachia Website

General Manager, SRS Insurance Management Services Europe

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Current Responsibility

As the General Manager of SRS Insurance Management Services Europe, Malcolm is responsible for the company’s strategic management and development with a focus on execution and delivery of the various Insurance Management services offered to captive and re/insurer clients.   

Experience

Malcolm’s professional career experience spans a period of over 35 years in senior management positions mainly in the insurance and financial services sectors and across a broad-spectrum of varied functions which include operations management, sales & marketing, executive search consulting and insurance.

Malcolm joined Ark Insurance Management PCC Limited in 2014 (subsequently acquired by SRS Europe in 2018) having also worked previously with the local Maltese offices of leading international insurance and insurance broker organisations.

Education and Professional Designations

  • Associate of the Chartered Insurance Institute (ACII)
  • Chartered Insurance Practitioner