Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has announced the launch of an office in Guernsey as it looks to expand its insurance, reinsurance and insurance-linked securities (ILS) activities in Europe.
In opening in Guernsey, Strategic Risk Solutions (SRS) has announced the hiring of Peter Child, who joins the firm from his most recent role at Artex to take on the position of Managing Director, SRS Guernsey Management Limited.
Child will be responsible for the development and oversight of SRS’s business in Guernsey, as it builds out a platform for insurance, reinsurance and insurance-linked securities (ILS) management, servicing and facilitation on the island.
“We are pleased to be able to establish an office in Guernsey – a great place to do business, with its solid regulatory framework, strong infrastructure, and a vibrant and growing insurance market,” explained SRS CEO Brady Young.
“Adding Peter to our talented management team is a pivotal next step in the execution of our strategy to expand our customer base and to extend our geographic reach.
“While we’ve developed an enduring presence in the US and international captive management sector, we’re now building a strong team in Europe and in the commercial insurance and insurance linked securities (“ILS”) segments. Peter’s mandate includes establishing an office in Guernsey to support the development and management of insurance entities across all sectors in the domicile.
“We are receiving an enthusiastic reception from existing and new clients who welcome an independent and expert alternative to broker-owned management firms.”
Child will officially take up the new position at SRS from July, while the company now begins recruitment efforts to staff its Guernsey office immediately.
Child started his insurance career with trade credit insurer Euler Hermes in the early 1990’s, working in data analysis, sales and underwriting before returning to Guernsey in 2001 to become Assistant Director of the Insurance Division of the Guernsey Financial Services Commission (GFSC).
Child moved to Aon for two years, before joining Artex in 2007 where he held a number of roles, most recently with responsibility for Artex’s Guernsey office as well as those in Malta, Gibraltar and London, also overseeing the provision of insurance management services to global clients.
Strategic Risk Solutions (SRS) announced an expansion of its insurance-linked securities (ILS) activities, hiring Matthew Charleson in Bermuda to lead that part of its business.
Child, in Guernsey, also brings expertise in managing ILS and collateralised reinsurance structures, while will assist SRS as it looks to expand this part of its business.