SRS moves senior Bermuda talent to expand in Latin America

Independent insurance company manager  Strategic Risk Solutions (SRS) has strategically expanded its presence in Latin America, capitalising on the robust growth in captive formations in the region.

SRS has sent Bermuda executive Luis Delgado (pictured) to Colombia to lead its business development strategies and the geographical expansion into Latin America. Delgado has been appointed as LatAm regional director.

Delgado joined SRS in 2020 as vice president of SRS Bermuda captive management operations and responsible for the oversight of SRS’s growing LatAm portfolio of clients.

In his new role, he will continue to lead a team of Spanish speaking accountants with captive insurance experience, but with boots on the ground to better service the LatAm region.

“Over the past few years, we have seen record levels of captive formations, feasibility studies, and general interest and enquiries from prospects across LatAm, so it makes sense to be closer to where our clients and prospects are located,” said Delgado, who has relocated to Colombia to establish SRS’s presence in the region. “LatAm is producing strong growth in captive insurance, and we will focus on developing new captive formations from the region.”

Brady Young, CEO of SRS, commented: “Latin America represents an important region for SRS. We believe there are significant opportunities for LatAm parent organizations to make greater use of captive insurance. Luis has developed a good foundation of LatAm business for SRS operating from Bermuda as well as building on his captive management experience. Relocating to Colombia brings a greater local presence as we bring more support and resources to support captive insurance in the region.”

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