Strategic Risk Solutions announces launch of SRS Italy

Strategic Risk Solutions (SRS), an independent insurance company manager globally, has announced the establishment of SRS Italy.

Based in Milan, SRS Italy will be the first specialised provider of insurance management services specifically for captive insurance and reinsurance companies based in Italy.

SRS Italy is a collaborative effort between SRS and Strategica Group, a consortium of companies known for their innovative and specialised approaches in Risk and Insurance Management.

Strategica has a strong reputation as the leading authority in Italy on captive insurance matters.

This initiative comes at a time when Italian corporations are increasingly relocating their existing captive insurance companies back to Italy. SRS Italy will offer professional management services to both established and newly formed captive insurers.

“We are very excited to be moving into the Italian market at a time of great potential for growth in the captive sector. Partnering with Strategica gives us a local presence, knowledge and expertise which allied with our global servicing capabilities, will ensure that we are in the best position to help any business considering Italy as a potential location for its captive,” added Brady Young, SRS CEO.

SRS is experiencing ongoing growth, with offices and staff in over 30 locations worldwide, including Italy. As of February 2024, Italy has two established captives, and the region is anticipated to evolve rapidly, especially with the potential introduction of new legislation tailored for the captive insurance industry.

Enrico Guarnerio, CEO of Strategica Group and President of SRS Italy, commented: “We are proud to be the first in Italy to carry out this type of activity. The combination of Strategica and SRS’ specific skills will allow us to provide unique and high value-added services to Italian groups intending to establish a captive reinsurance company in our country.

Captive reinsurance companies represent a sophisticated risk financing instrument; Although it is still not very widespread in Italy, we are certain that in our country too we will see an increasingly frequent use of this solution to optimise the retention and transfer policies of increasingly complex risks that cannot be treated solely through insurance solutions. Our ambition is to be recognised as a point of reference in the captive management sector also for the Italian market.”

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