SRS is the 5th largest captive management firm in the world and the leading independently owned manager. The company has representation in all major US captive domiciles, Barbados, Bermuda, Cayman and Europe. It provides financial reporting, regulatory compliance and program management services to existing and prospective captive insurance companies.
Strategic Risk Solutions, Inc
9 Pond Lane, Suite 4A
Concord, MA 01742
For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS we believe that isn’t good enough.
Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:
Delivering Outstanding Service
Captives are our only business. To be successful we need to provide superior service quality. This premise is the foundation of our business and we continually strive to improve the service we provide. Our service quality is evidenced by the results of our customer satisfaction surveys.
As a manager of insurance company accounting and financial information, SRS takes internal controls very seriously. We employ a consistent set of internal controls across all our captive management offices and clients. These controls include human resources, captive management, IT and data security and privacy controls. Within our captive management operations we enforce a stringent peer review process whereby all financial statements and other work products are subject to review prior to release.
We have committed to undertake SSAE 18 audits on our operations to provide assurance to clients on the design and operation of our internal controls. All captive management offices are subject to SSAE 18 audit. SRS is the only captive manager performing SSAE 16/18 controls on all its captive management offices.
Helping Clients Succeed
Captive management is more than keeping books and records. It is about successful captives. Our proactive advisory services help our clients succeed.
Providing a Depth of Expertise
As a firm we have a made a conscious decision to hire and retain experienced staff. As a client you can expect stable, experienced account teams and access to the key decision makers in the firm
Customer Survey results
SRS conducts an annual survey of clients to gauge satisfaction with the firm’s services and to identify areas for improvement. Customers are consistently satisfied or very satisfied with our services.
Areas of specialisation:
- Captive Consulting
- Captive Management
- Governance, Risk & Compliance
- Program Management
President and CEO
Brady has over 30 years’ experience consulting to captives. He has been involved in the formation of numerous captives and has provided strategic and operational consulting to many of SRS’s clients. He has led SRS and its captive services for the past 20 years.
SVP and Managing Director
Mike leads Strategic Risk Solutions’ consulting practice providing feasibility studies, financial analysis and strategic reviews for single parent, cell and group captive programs. He has over 20 years’ captive consulting experience and has been at the forefront of some of the industry’s major innovations including the first DOL approval to insure employee benefits in captives and the creation of the world’s first series LLC captive.
President, Strategic Risk Solutions International
Ron oversees SRS’s offshore captive management activities in Barbados, Cayman and Bermuda. Ron has over 20 years captive and insurance industry experience. He was previously President and CEO of the Cayman Islands National Insurance Company Ltd. and is a past Chairman of the Insurance Managers’ Association of Cayman.