Bermuda Captive Network launches
SRS snags former AXA XL exec in Bermuda
Brad Meindersma, president, SRS Managers (Canada).
Strategic Risk Solutions, the world’s largest independent insurance company manager, has appointed Brad Meindersma as the president of SRS Managers (Canada).
“We are excited to have Brad join us as we have many Canadian clients in various domiciles but decided it was an opportune time to have ‘boots on the ground’ locally to better serve our current and future clients based or with significant operations in Canada,” said Brady Young, SRS president and chief executive officer.
“We expect an uptick in activity, both new formations and re-domestications, given recent legislative changes and the opportunity to form domestic captives in British Columbia and more recently Alberta. Brad is the ideal person to build and lead our team in Canada as these domiciles gain traction.”
Meindersma added: “The growth potential at SRS is very exciting. Diving into the legislation and coordinating the setup of Alberta and British Columbia insurance management operations is a great beginning. SRS has such a well-respected reputation and growing the business into Canada to provide customized services is the logical next step.”
Meindersma is a former senior vice president for Marsh Bermuda and executive vice president at JLT Insurance Management. He has worked directly with and advised senior executives from companies ranging from mid-sized to Fortune 50. He has acted as the client account executive, a captive board member, an underwriting committee and/or investment committee member, client prospecting and sales manager, captive and commercial insurer setup, and coordinated the AM Best rating process as well as liaising with external service providers for a portfolio of captive and commercial clients.
SRS has operations in the US, Canada, Europe, Barbados, Bermuda, Cayman Islands, and South Africa.
Strategic Risk Solutions, appointment