Monday, February 26, 2024

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Colombia relocation for Delgado as SRS eyes Latam expansion

Luis Delgado has relocated to Colombia and been appointed Latam regional director at Strategic Risk Solutions (SRS) with the captive manager planning further expansion into Latin America.

Delgado joined SRS in 2020 as vice president of SRS Bermuda’s captive management operations and has been responsible for growing SRS’ Latam portfolio.

“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,” Delgado said.

“Latam is producing strong growth in captive insurance, and we will focus on developing new captive formations from the region.”

Delgado will be responsible for leading SRS’s business development strategies and the geographical expansion of the firm into Latin America.

In his new role, he will continue to lead a team of Spanish speaking qualified accountants with captive experience, but he has personally relocated to Colombia to establish SRS’s presence in the region.

“Latin America represents an important region for SRS,” said Brady Young, CEO of SRS.

“We believe there are significant opportunities for Latam parent organisations 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.”