Managing general underwriter MSL Captive Solutions, Inc. has appointed former Managing Director of Strategic Risk Solutions Bermuda (SRS), David Sykes, as its Chief Financial Officer (CFO), with immediate effect.
At SRS, Sykes led the insurance management operations for over a decade before relocating to the US. He is a market veteran with over three decades of experience in financial management.
Skyes’ capabilities include management for a range of insurance entities, including captives, commercial reinsurers, and service companies.
He also has experience managing the accounting and reporting requirements for many group captive programs and underwriting both employee benefits and property & casualty risk.
Phil Giles, Managing Director, MSLCS, commented on the appointment, “We are extremely pleased to be able to add the experience and expertise that David brings to MSLCS. His deep knowledge of captives, especially group captive structures, will be invaluable to the accounting and reporting on our captive programs.
“We are committed to the underwriting and servicing of captive programs for medical stop loss, both single parent and group captives. We will continue to add to and build on our captive experience as we further develop MSLCS as the industry’s leading MGU dedicated to the captive sector.”
Sykes added, “I am excited to be joining MSLCS at this stage of the company’s growth. I have been impressed by the company’s development to date and the future opportunities as captives become a more established funding mechanism for medical stop loss. Joining MSLCS allows me to focus my prior captive experience on this sector and develop best-in-class servicing processes to support our captive programs.”
