Mary McMorrow has joined Strategic Risk Solution (SRS) Europe as associate director and head of governance services Europe.
McMorrow joins SRS Europe from Marsh Captive Management Dublin, where she led its Solvency II Pillar Three.
She will work with SRS Group Governance practice leader Derick White a former regulator with the Vermont Department of Financial Regulation.
Stuart King, president and CEO of SRS Europe, commented: “With a number of annual reporting cycles under the Solvency II regime complete, it is becoming more apparent that the industry needs to address what is an unproportionate approach to captive governance.”
“SRS Europe has established a governance practice that offers customers services as part of overall management services or as an independent and dedicated separate layer to existing service providers.”
“We are seeing a great demand for governance services from European captive owners frustrated with the current onerous governance requirements of Solvency II and the one size fits all approach from larger management firms.”
“We welcome Mary McMorrow, a highly regarded professional, to our firm to help our clients approach governance in a compliant yet added value and proportionate manner. There is a danger that regulation can leave captive board members focusing too much time and resources on compliance and not enough on looking at opportunities for their captives to support their Group’s overall risk finance strategy.”
