Strategic Risk Solutions has named Stephen Gray as the new managing director and executive vice president of its Cayman operations, effective early 2020.
Gray, who joins from Willis Towers Watson, has extensive experience serving captives in the healthcare industry, as well as 22 years' experience in the Cayman captive market.
In addition, Gray is a former treasurer and member of the executive committee of the Insurance Managers Association of Cayman (IMAC).
Commenting on his appointment, Gray said: “I am excited about the opportunity of joining SRS. It was a difficult decision to leave Willis Towers Watson after 28 years at the firm, but I felt the time was right for a new challenge.”
"I have known the team at SRS through our work with IMAC and have a lot of respect for the business that they have built in Cayman. I am looking forward to working with an independent manager and focusing on serving the needs of captive clients.”
Brady Young, CEO and president of SRS, added: "We have seen consistent growth in our Cayman business over the past 15 years which has allowed us to become one of the top managers in the domicile.”
“We are investing in our infrastructure to support the servicing of our clients in Cayman and firmwide. This will provide a platform to improve the quality and efficiency of services for current clients but also allow us to accommodate future growth. We believe there are additional opportunities in the Cayman market and that Stephen Gray can help us enhance SRS as the leading captive manager in Cayman."