Green Mountain Sponsored Captive Insurance Company has appointed Chris Kramer as its managing director.
Kramer, who has over 30 years experience in the property casualty and alternative risk financing industry, has been hired to lead the firm’s development and expansion plans.
He has previously helped with the set up of various captives, risk retention groups and start up profit centres for private and public enterprises. In addition, he has been responsible for the development of several cell captives, including Global Re, a cell captive domiciled in Barbados.
Green Mountain is an affiliate of Strategic Risk Solutions (SRS) and was formed in 2012 to provide clients and brokers with a cell facility.
Commenting on his appointment, Kramer said: “I am thrilled to have an opportunity to take Green Mountain to the next level and assist clients and brokers in putting together new programmes. Working with SRS and having a Vermont based facility like Green Mountain presents some exciting opportunities to do creative programmes on an efficient and turn-key basis.”
Brady Young, CEO of SRS and a board member of Green Mountain, added: “We have been pleased with the progress we have made with Green Mountain but with Chris Kramer leading the effort on a full time basis, the owners of Green Mountain are confident we will see significant growth in several areas including medical stop-loss captives, traditional single parent programmes and agency captives now that these captives can be formed in Vermont”.
