Strategic Risk Solutions (SRS) has hired Luis Delgado as vice president of Latin America.
Based in SRS’s Bermuda office, Delgado will be responsible for developing and managing business for Latin American owned captives across the firm.
Brady Young, president of SRS, explained that expanding into the Latin American market is “strategically important” to the business.
Young said: “We believe it is an underserved market for captive insurance with an absence of independent management options. We are building out our servicing teams with Spanish speaking qualified accountants with captive insurance experience. I am delighted to have Luis Delgado on board to lead this initiative.”
Delgado joins from JLT Insurance Management (Bermuda), where he worked as vice president of finance. He was in charge of Latin American accounts and served as a member of the executive team.
Additionally, he spent two years in Bermuda with Marsh IAS, having started his career as an auditor with PwC in Colombia.
Commenting on his appointment, Delgado said: “After a period of garden leave, I am excited to get back into the captive management industry working with Colombian and other Latin American clients.”
He added: “Captive insurance offers a lot of benefits to Latin American organizations and has been growing steadily in its use. With the changes in the commercial insurance market, the demand for captive insurance solutions and trusted advice has never been stronger in the region. I have been impressed with the commitment that SRS is making to this sector of the market and look forward to bringing their independent model to Latin American clients.”
