MSL Captive Solutions has appointed David Sykes as chief financial officer, assuming the role with immediate effect.
MSL is a managing general underwriter dedicated to captive programmes for medical stop loss.
Sykes has more than 30 years’ experience in financial management for a range of insurance entities, including captives, commercial reinsurers and service companies.
His experience includes managing the accounting and reporting requirements for group captive programmes, underwriting both employee benefits and property and casualty risk.
“I am excited to be joining MSL at this stage of the company’s growth,” said Sykes.
“I have been impressed by the company’s development to date and the future opportunities as captives become a more established funding mechanism for medical stop loss.
“Joining MSL allows me to focus my prior captive experience on this sector and develop best in class servicing processes to support our captive programs.”
Most recently, Sykes was managing director of Strategic Risk Solutions Bermuda (SRS) where he led the insurance management operations for SRS for over a decade before relocating to the US.
“We are extremely pleased to be able to add the experience and expertise that David brings to MSL Captive Solutions,” said Phil Giles, managing director, MSL Captive Solutions.
“His deep knowledge of captives, especially group captive structures, will be invaluable to the accounting and reporting on our captive programs.
“We are committed to the underwriting and servicing of captive programs for medical stop loss, both single parent and group captives.”