Strategic Risk Solutions (SRS) is expanding its Luxembourg office, with the appointment of Alain Sougnez as client services leader and licensed manager reinsurance captives.
Previously, Sougnez spent 19 years at Risk and Reinsurance Solutions (2RS), where he was a captive manager and reinsurance administrator.
SRS Luxembourg currently supports captives from corporations originating from Luxembourg, France, Belgium, Spain, Germany and Japan.
According to the company, it is currently the fourth largest captive manager in Luxembourg, contributing to the growth of the captive industry.
Commenting on his appointment, Schons welcomes any and all captive types to reach out for discussions on how the many services of the SRS Luxembourg team can be of use in supporting or forming a business’ captive.
Maxime Schons, managing director of SRS Europe, states: “Expansion of our current teams is necessary to maintain our level of high-quality service to our existing clients, as well as embrace the new clients that are joining us.
“Bringing in the expertise, talents, and innovation of these people adds depth to our Luxembourg team, allowing us to better support our current clients with new services worldwide.”