Former Willis Towers Watson captive CEO joins SRS

Strategic Risk Solutions (SRS) has hired former Willis Towers Watson executive Paul Owens to join its board of directors.

Owens will serve as an independent director as well as a strategic advisor to SRS. 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.

Owens was most recently the CEO of Willis Towers Watson's (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 role at WTW earlier this year.

“We have known Paul 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,” said Brady Young, president and CEO of SRS. “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+ years.”

Owens commented: “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. 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.”