Strategic Risk Solutions has named Kirk Cyrus as head of its Barbados operations.
Cyrus will become managing director of SRS Barbados, effective May 1. He succeeds Chris Evans who takes on the more advisory role of chairman of the Barbados business.
Cyrus has served as director and executive vice president of JLT Insurance Management (Barbados) for the past twelve years and has over twenty years’ experience in the captive and insurance management industry in Barbados.
Ron Sulisz, president of SRS International, said: “The recent changes in the insurance legislation, the regulatory infrastructure and efficient cost structure put Barbados in an excellent position for growth. We are looking to be an active participant in that growth in the traditional North America markets as well as Latin America.”
SRS entered the Barbados insurance management market in November 2017 with the acquisition of CGE Group, an independent insurance manager which Evans formed and led.
Evans said becoming part of SRS had enhanced its offering to its clients in Barbados and provided additional resources and support for staff. “The final step in securing the long-term future of the business was my own succession plan,” he added.
Brady Young, CEO of SRS, said: “Over a 30 year career in the industry, [Evans] has helped Barbados grow into a leading domicile, built a successful captive management business and been at the forefront of many of the developments in the industry including the recent revision to the captive legislation.”
Strategic Risk Solutions, SRS International, Kirk Cyrus, Chris Evans, Ron Sulisz, Brady Young