SRS launches Guernsey office with Artex’s Child in expansion strategy
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, is launching an office in Guernsey as it looks to expand its commercial insurance and insurance linked securities (ILS) activities in Europe.
The company has hired Peter Child, the former head of Artex’s European operations, as managing director of SRS Guernsey Management, responsible for the development and oversight of SRS’s business in Guernsey.
Child began his insurance career in the early 1990s with Euler Hermes, a London-based trade credit and political risks underwriter. He worked in data analysis, sales and underwriting before returning to Guernsey in 2001 to take up the position of assistant director of the insurance division of the Guernsey Financial Services Commission (GFSC).
From there he joined Aon where he spent two years, before joining Artex in 2007. He worked in various roles at Artex, most recently with responsibility for Artex’s Guernsey office as well as those in Malta, Gibraltar and London. He also oversaw the provision of insurance management services to a diverse portfolio of international clients.
Child is a past Chairman of the Guernsey International Insurance Association (GIIA), the representative body for Guernsey’s insurance companies and insurance managers, and is current chair of GIIA’s Market Development Committee which oversees initiatives in the areas of captive insurance, ILS, rated reinsurance, pension risk transfer structures, managing general agencies, life insurers and market access.
SRS chief executive officer Brady Young said: “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.
“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.”
Young added: “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.”
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