Strategic Risk Solutions, a provider of independent insurance management and consulting services, which has operations in Bermuda, has expanded its geographic reach with the opening of an office in Switzerland.

It also announced that Markus Beck, Georg Balint and Maria Sandoval have been appointed to key positions in SRS’ Swiss office in Zurich.

Brady Young, chief executive officer of SRS, said: “With its vigilant regulatory regime and stable operating environment, Switzerland is a key market for SRS, so this is another milestone in our goal of expanding the global reach of our company.”

He added: “And we are delighted to welcome Markus, Georg and Maria to our team. Each is an experienced industry professional who will provide SRS with a strong foundation to serve captive and commercial insurance clients in Switzerland.

“In addition, Markus, Georg and Maria will add depth to our growing European presence and operate as part of SRS’s broader pan-European insurance management team.”

A company spokesman said Mr Balint joined SRS as managing director, Switzerland, on January 1 to develop and lead the company’s Swiss actuarial practice. He will support the European risk consulting operations.

He joined SRS from Aon Switzerland Ltd where he served as senior consultant and head of actuarial and analytics since 2017. He began his career with KPMG in Germany and then worked as group actuary with AXA in Switzerland for six years before subsequently moving to Nationale Suisse Group where he worked as group actuary and actuarial audit manager for nine years.

The spokesman said Mr Balint will further enhance SRS Europe’s offering around the provision of Swiss and Solvency II actuarial reserving and risk management services.

The company said Ms Sandoval will join SRS as senior account manager, Switzerland, effective March 1 and will support the servicing of the firm’s Swiss domiciled clients.

She joins SRS from Aon Insurance Managers, Switzerland/Liechtenstein, where she served as account manager since 2016. Ms Sandoval is a qualified accountant. Prior to her employment with Aon, she held the role of corporate controller with the Holcim Group in Zurich for 15 years.

The spokesman said Mr Beck will join SRS as managing director, Switzerland, effective April 1 and will develop and lead the company’s Swiss insurance management practice. He joins SRS from Aon Insurance Managers, Switzerland/Liechtenstein, where, since 2015, he held several roles including senior risk finance consultant, chief compliance officer and, more recently, managing director of captive operations.

He began his career with Generali where he was executive officer for five years before moving to Hiscox in Munich where he was senior underwriter for eight years. From 2008 until 2014, Mr Beck held various roles with Nationale Suisse Group, including as senior controller of finance.

Mr Beck said: “I am thrilled to be joining SRS at this particular time of its expansion and helping grow its client base in Switzerland. I believe there is a strong need for an independent and unbiased source of advisory services and I have been impressed with SRS’ client centric culture, high staff retention, low client turnover and outstanding client service.”

SRS has operations throughout the United States, Europe, Barbados, the Cayman Islands and South Africa as well as Bermuda.