16 April 2018Analysis

USA Risk Group hires former Marsh Bermuda captive CFO

Captive management firm USA Risk Group has appointed David Spratt as senior vice president, to serve as a subject matter expert to clients and prospects.

Spratt's captive insurance experience includes global chief financial officer for captive business for Marsh in Bermuda, along with vice president finance for Aon Cayman, where he worked with large risk pool entities.

He most recently served as director at Deloitte Consulting, leading the insurance practice within the strategy and operations and finance group in Toronto, Canada.

“David brings our team a breadth of not only captive knowledge, but also industry insight,” said USA Risk Group’s CEO and president, Stephen Roseman. “We view his appointment as a sign of our commitment to being the leading company in the captive management space. Advancing our business model on what matters most to clients is what led us to look for an addition to our team who will fit in with our ethos of innovation and exceptional service, and it is very fortunate that we were able to find someone of David’s calibre to fulfil this role. I’m confident that he will play a key role in going the extra mile with not only our existing clients but prospective ones, too.”

Spratt will manage many of USA Risk Group's key captive clients and will oversee the delivery of excellent client service in all of the jurisdictions that the company operates in.  This includes developing, managing and implementing a quality assurance and control process for the company as well as creating new captive business opportunities and building a referral network.

“I’m excited to be starting with USA Risk Group and look forward to working with the team to deliver real value to our clients through excellent client service and innovative approaches to captive and risk management,” Spratt said. “The nature of the risks facing our clients is changing dramatically on a global scale and I believe that captive insurance solutions can play an important role in effectively managing these changing risks.”

Roseman recently took over as president and CEO from Gary Osborne, who had  stepped down from his role after 22 years at the company.