SRS Europe will provide a full range of risk consulting and captive insurance management services.
Stuart King will join as managing director and co-founder of SRS Europe.
King will lead and oversee the firm’s operations in the start-up stages. He will then move onto leading the risk consulting business and focus on risk finance advisory services and new opportunities in the evolving insurtech space.
He has previously held risk finance advisory, insurance and captive management roles, and has experience in financial, regulatory and capital reporting of structured finance solutions.
Brady Young, CEO of SRS, commented: "SRS has been evaluating expansion to the European market for a while and we are delighted to have partnered with Stuart King. We believe that we have found the right opportunity to leverage both the captive management and advisory model that has proved successful for SRS.”
King added: "Solvency II has raised the bar for European captive management service providers to look beyond merely meeting the day-to-day financial and regulatory reporting requirements of Solvency II and work collaboratively with captive owners to put a captive programme first and foremost as an effective tool to manage and finance risk.”