Strategic Risk Solutions opens Luxembourg captive management branch

Strategic Risk Solutions (SRS) has opened a Luxembourg captive management branch with Brian Collins as managing director, Luxembourg.

According to SRS, the Luxembourg branch will operate within the company’s pan-European captive management structure under SRS Management Europe PCC Limited. Mr Collins will lead captive management business in the domicile.

“We are pleased to officially open the Luxembourg branch of SRS and to welcome Brian as our managing director,” said Brady Young, president and CEO of SRS. “We are building a strong presence in Europe and believe Luxembourg to be a leading captive domicile within the European Union both now and in the future. Brian brings a brings a wealth of expertise in captive management and knowledge of the local captive market, and we are excited to have him onboard.”

Mr Collins joins SRS from Stadhold Insurances (Luxembourg), a subsidiary of Randstad, where he was captive manager of both the insurance and reinsurance companies. Prior to Stadhold, he was general manager of Colonnade Insurance, the Luxembourg subsidiary of Fairfax Financial Holdings. Mr Collins also spent more than 20 years at Marsh Management Services, starting his career in Dublin and continuing in Luxembourg for 17 years, where he managed not only local captives, but also French, Dutch and Bermudian captives.

Mr Collins said: “I have been impressed by the development of SRS as a leading independent captive manager in the North American market. Joining the firm at the early stages of its European expansion, I feel gives me the right challenge at this stage of my career. With market, regulatory and service provider changes, there are opportunities for greater use of captives and Luxembourg in particular is well positioned to benefit as a European captive domicile.”

SRS has also announced the addition of Emily Cadby and Yashminn Yanez to the firm’s European consulting and management practices. Ms Cadby joins SRS from Willis Towers Watson as an assistant consultant in the Dublin office. Prior to her new role, Ms Cadby was insurance manager with Marsh Captive Solutions in Dublin. Ms Yanez will join the Malta office in October as an account manager. She was previously a finance account manager at Marsh Captive Solutions in Dublin.