Paul Owens is set to join Strategic Risk Solutions’ (SRS) board of directors, serving as an independent director as well as a strategic advisor.
Based in the UK, Owens will initially focus his strategic advisory role on the expansion of SRS’s operations in Europe and other new regions, while also providing advice on governance, operations and the overall direction of the business.
Most recently Owens served as CEO of Willis Towers Watson (WTW) global captive practice and has over 30 years’ experience in the global insurance sector and recently in the captive industry in Europe, North America and Asia Pacific.
Owens retired from his CEO role at WTW earlier this year.
Brady Young, president and CEO of SRS, commented: “We have known Paul Owens for a long time and have tremendous respect for his knowledge of the captive market especially outside North America which is important to us given our expansion plans in Europe and beyond.”
“For me personally, I welcome the opportunity to discuss thoughts and ideas around the direction of the global captive and insurance industry with a peer who has seen and dealt with many challenges in his career over the past 30 plus years”, he added.
Commenting on his new role, Owens said: “It was a privilege to lead the WTW global captive practice. Having retired and moved on from that role, I am keen to put some of the experience I have gained to use.”
He continued: “I had great respect for SRS as a competitor and have been impressed with how SRS has developed into a very strong independent captive manager and a viable alternative to the broker owned managers. I am excited to see how I can assist SRS in its global expansion, leveraging its compelling independent model and singular focus on captive management and consulting.”
SRS also recently hired Derek Bridgeman, who joined the firm's European operations on 18 May as managing director.