Strategic Risk Solutions seeks LatAm expansion with JLT hire

Strategic Risk Solutions (SRS) has appointed Luis Delgado as vice president – Latin America.

Delgad will be based in Bermuda, with responsibility for developing and managing business for Latin American owned captives across the firm.

He joins SRS from JLT Insurance Management (Bermuda) where he was vice president – finance in charge of Latin American accounts and served as a member of the executive team. He also spent two years in Bermuda with Marsh IAS having started his career as an auditor with PricewaterhouseCoopers in Colombia.

Brady Young, president of SRS, staid: “Latin America is strategically important to SRS as we expand the firm’s global operations. We believe it is an underserved market for captive insurance with an absence of independent management options. We are building out our servicing teams with Spanish speaking qualified accountants with captive insurance experience. I am delighted to have Luis on board to lead this initiative.”

Delgado commented: “After a period of garden leave, I am excited to get back into the captive management industry working with Colombian and other Latin American clients. Captive insurance offers a lot of benefits to Latin American organizations and has been growing steadily in its use. With the changes in the commercial insurance market, the demand for captive insurance solutions and trusted advice has never been stronger in the region. I have been impressed with the commitment that SRS is making to this sector of the market and look forward to bringing their independent model to Latin American clients.”