Captive management and consulting service provider, Strategic Risk Solutions (SRS), has announced the appointment of Richard Daley from JLT Insurance Management (Bermuda) Ltd., as Managing Director (MD) of SRS (Bermuda) Ltd.
In his new role based in the firm’s Bermuda office, effective August 1st, 2019, Daley will work alongside Managing Directors David Sykes and Andrew Hupman. Furthermore, he will join the Board of SRS International, which includes the firm’s operations in Bermuda, the Cayman Islands, and Barbados.
Brady Young, President and Chief Executive Officer (CEO) of SRS, commented: “Richard is a leading figure in the Bermuda captive insurance industry and we are excited to have him join us. 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.”
Daley joins the firm after 13 years with JLT Insurance Management (Bermuda) Ltd., where for the last four years he served as President.
“I am proud of the captive management business we built at JLT and it is difficult to walk away from that. 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,” said Daley.
SRS (Bermuda) Managing Director, Sykes, added: “Andrew and I have tremendous respect for the work that Richard has done at JLT and for the Bermuda captive industry in general. He was always a strong adversary as a competitor and we look forward to working with Richard to continue to build our Bermuda business.”