Captive management firm USA Risk Group has appointed David Spratt as its new senior vice president.
Spratt will serve as a subject matter expert to clients and prospects and will manage a number of the group’s captive clients and oversee the delivery of excellent client service in all of the jurisdictions that the company operates in.
His responsibilities will include developing, managing and implementing a quality assurance and control process for the company, in addition to creating new captive business opportunities.
An insurance industry veteran, Spratt’s previous positions include his roles as CFO for captive business for Mash in Bermuda, vice president of finance for Aon Cayman, and leading the risk consulting practice for IBM.
Spratt said he was excited to be starting at USA Risk Group and was looking forward to “working with the team to deliver real value to our clients through excellent client service and innovative approaches to captive and risk management”.
He added: “The nature of the risks facing our clients is changing dramatically on a global scale and I believe that captive insurance solutions can play an important role in effectively managing these changing risks.”
USA Risk Group CEO and president, Stephen Roseman, commented: “David Spratt brings our team a breadth of not only captive knowledge but also industry insight.”
“We view his appointment as a sign of our commitment to being the leading company in the
captive management space.”
“I’m confident that he will play a key role in going the extra mile with not only our existing clients but prospective ones, too.”
