Richard Daley, president of JLT Insurance Management (Bermuda), will join Strategic Risk Solutions (SRS) Bermuda as its new managing director on 1 August.
Daley joins SRS after 13 years at JLT Insurance Management, which he joined in April 2006 and became president of in February 2015.
Prior to his role at JLT Insurance Management, he held roles at Aon Insurance Managers and JD Irving.
In his new role, Daley will work alongside current managing directors David Sykes and Andrew Hupman in SRS’ Bermuda office.
Additionally, he will join the board of SRS International which includes SRS's activities in Bermuda, the Cayman Islands, and Barbados.
Sykes noted that he and Hupman have “tremendous respect” for Daley’s work “at JLT and for the Bermuda captive industry in general”.
He added: “He was always a strong adversary as a competitor and we look forward to working with Richard Daley to continue to build our Bermuda business."
Brady Young, president and CEO of SRS, described Daley as a “leading figure in the Bermuda captive insurance industry” and said the company is “excited to have him join us”.
Young continued: “Richard Daley will help us take our business to the next level, both in terms of strengthening our local presence and the breadth of the services we provide to our captive clients."
Daley commented: “I am proud of the captive management business we built at JLT and it is difficult to walk away from that.”
“SRS represents a new chapter in my career and an opportunity to work for an independent captive manager focused on delivering top quality captive management services to its clients.”
