Strategic Risk Solutions (SRS) has named Brian Collins as managing director of its new captive management business in Luxembourg.
SRS’s Luxembourg branch will operate within the company’s pan-European captive management structure under SRS Management Europe PCC.
Collins joins SRS from Stadhold Insurances (Luxembourg), a subsidiary of Randstad, where he was captive manager of both the insurance and reinsurance companies.
Prior to Stadhold, he was general manager of Colonnade Insurance, the Luxembourg subsidiary of Fairfax Financial Holdings.
Collins also spent over 20 years at Marsh Management Services starting his career in Dublin and continuing in Luxembourg for 17 years, where he managed local, French, Dutch and Bermudian captives.
In addition, SRS have also hired Emily Cadby and Yashminn Yanez to the firm’s European consulting and management practices.
Cadby joins SRS from Willis Towers Watson as an assistant consultant in the Dublin office. Prior to this role, she worked as insurance manager with Marsh Captive Solutions in Dublin.
Yanez will join the Malta office in October as an account manager. She was previously a finance account manager at Marsh Captive Solutions in Dublin.
Commenting on his new role, Collins said: “I have been impressed by the development of SRS as a leading independent captive manager in the North American market. Joining the firm at the early stages of their European expansion, I feel gives me the right challenge at this stage of my career.”
“With market, regulatory and service provider changes, there are opportunities for greater use of captives and Luxembourg, in particular, is well positioned to benefit as a European captive domicile,” he added.
Brady Young, President and CEO of SRS, added: "We are pleased to officially open the Luxembourg branch of SRS and to welcome Brian Collins as our managing director.”
“We are building a strong presence in Europe and believe Luxembourg to be a leading captive domicile within the EU both now and in the future. Collins brings a wealth of expertise in captive management and knowledge of the local captive market and we are excited to have him on board.”