26 April 2016Actuarial & underwriting

Hannover Stone names captive expert as senior risk advisor

Hanover Stone Partners, a risk management services firm, has named Daniel Labrie as a senior risk advisor who will have a prominent role in the firm’s captive services.

Labrie is the former president and chief executive officer (CEO) of insurance firm HAI Group.

Labrie will be based in Berlin, Connecticut. He will work in the HSP CaptiveGuardS practice, which provides a wide array of governance and related advisory services for captive insurance companies and their parent organisations. He also will work directly with the firm’s growing number clients in the real estate sector as well as those in various industries.

Before his role at HAI Group and its 13 business units through a period of dramatic growth that spanned nearly two decades, Labrie held a series of management positions with leading insurance companies.

During his 35-year career, he has served in a variety of commercial underwriting positions, including managing international accounts, fronted captive insurance programmes and programme business with Travelers, The Hartford, Sentry and St Paul.

John Kelly, founder and CEO, Hanover Stone Partners, said: “While captive insurance companies continue to gain popularity as critical elements of an effective corporate risk financing strategy, strong governance and compliance have become vital to their ongoing success given the increasing complexity of risk and evolving regulatory environment.

“As one of the industry’s most respected authorities on captives and alternative risk financing, Dan brings extensive knowledge and experience to help clients identify and assess strategic opportunities for their captives, as well as to strengthen their governance and compliance.”

He added: “We’re pleased to welcome him to our growing team of risk advisors and partner firms across North America.”