Strategic Risk Solutions (SRS) has hired Derek Bridgeman, who will be joining the firm's European operations on 18 May as managing director.
In his new role, Bridgeman will develop and lead the risk consulting practice in Europe.
Prior to joining SRS, and since 2017, he has led the international captive advisory practice at Marsh.
In addition to his risk finance advisory experience, he spent over 10 years in Marsh's captive management practice where he served a range of multinational captive owners and special purpose reinsurance entities. He also led Marsh’s EU Solvency II and base erosion and profit shifting initiatives.
Bridgeman will join the board of SRS Europe which includes its pan-European branch offices.
Additionally, Neil Campbell has also joined the European consulting team as part of the expansion of SRS Europe’s consulting operations and will focus primarily on the firm’s structured reinsurance consulting capabilities.
Campbell began his career with ICI’s insurance team in London. He was risk manager for Zeneca and AstraZeneca for 12 years, subsequently joining JLT as leader of the firm’s global life science practice before setting up his consulting firm in 2014.
At SRS, Campbell will support the firm’s European risk consulting around captive strategies and complex reinsurance options.
Commenting on his new role, Bridgeman said: “I worked with some great people and really enjoyed my time with Marsh however I am delighted to have been presented with the opportunity to join SRS.”
“The proven track record and independent nature of SRS were highly appealing to me and I look forward to building on the solid foundation developed in Europe to date. Recent industry changes and economic pressures arising from COVID-19 mean that now, more than ever, clients will be challenged to seek opportunities to optimise their overall insurance spend.”
“I look forward to working with clients and prospects to challenge the status quo and consider alternative risk transfer options,” he stated.
Brady Young president and CEO of SRS, said: “With the European operational infrastructure now firmly established and represented in major European Union domiciles, the firm is gaining traction with clients and plans to continue to hire great talent to drive the business forward.”
“With broker owned management firm mergers continuing we are the only credible option for captive owners if they want international, independent and unbiased advice underpinned by solid management services," he added.
Last month, SRS announced the appointment of Andy Hulme as part of an expansion in underwriting capabilities and services.
Based in the UK, Hulme provides underwriting support to SRS clients globally.