Strategic Risk Solutions (SRS) promotes Michael Arcangel to director, based in the Raleigh-Durham-Chapel Hill area.
Arcangel moves up from consultant, a role he holds at SRS since 2023. As director, he runs feasibility studies, leads captive formations and redomestications, and supports captive underwriting and AM Best BCAR modelling. He works as an independent advisor helping companies assess whether a captive is appropriate for their business.
Before joining SRS, Arcangel spends seven years at the North Carolina Department of Insurance, where he most recently serves as chief captive analyst, holding final financial oversight for more than 1,000 captive risk-bearing entities domiciled in the state. He joins the department in 2016 as a captive insurance financial analyst and progresses through senior and supervising analyst roles before becoming chief captive analyst in 2022. Prior to that he serves as an auditor at the North Carolina Department of Commerce.
SRS is an independent insurance management firm with representation in onshore and offshore domiciles, providing financial reporting, regulatory compliance and underwriting management services to captive insurance companies.
