Independent insurance company manager, Strategic Risk Solutions (SRS), has announced the appointment of Luis Delgado as Latam Regional Director.
In his new role, Delagdo will be responsible for leading SRS’s business development strategies and the geographical expansion of the firm into Latin America. He has been relocated to Colombia to establish SRS’s presence in the region.
Captives owned by parent companies from Mexico, Colombia, Peru, Brazil, and Chile have existed for several years. As the region matures in its endeavors with advanced business solutions, such as risk management and captives, the industry continues to grow.
Brady Young, CEO of SRS, commented: “Latin America represents an important region for SRS. We believe there are significant opportunities for Latam parent organizations to make greater use of captive insurance.
“Luis has developed a good foundation of Latam business for SRS operating from Bermuda as well as building on his captive management experience. Relocating to Colombia brings a greater local presence as we bring more support and resources to support captive insurance in the region.”
Delgado joined SRS in 2020 as Vice President of SRS Bermuda captive management operations and responsible for the oversight of SRS’s growing Latam portfolio of clients.
He has also hel positions at JLT Insurance Management and JLT Group, as well as with Marsh & McLennan and PwC.
Delgado said: “Over the past few years, we have seen record levels of captive formations, feasibility studies, and general interest and enquiries from prospects across Latam, so it makes sense to be closer to where our clients and prospects are located.
“Latam is producing strong growth in captive insurance, and we will focus on developing new captive formations from the region.”
The news of Delgado’s new role is one SRS’ latest appointment, as the company has also recently announced that Charles “Chuck” Scherer – former SVP, ILS, at Aon Bermuda – joined SRS Bermuda as a Senior Vice President, insurance-linked securities (ILS).
