Strategic Risk Solutions, the independent insurance company managers with an operation in Bermuda, have hired Elyse Dandeker and Stephen Nash to fill key roles in the company’s newly established office in Guernsey.

Ms Dandeker has been appointed director of accounting services and will join SRS on June 7.

Mr Nash is to join later in the year and will be appointed to the position of director of insurance services.

Peter Child, whose appointment as managing director, Guernsey, was announced earlier this year, takes up his new role on July 26.

SRS said the three executives form the foundation of the company’s Guernsey operations, the base from which SRS will manage its expansion into onshore and offshore jurisdictions in Europe.

Brady Young, CEO and chairman of SRS, said: “We are delighted with the response to our arrival in Guernsey. It reinforces our belief that the European market is receptive to a global, independent firm, with strong local expertise, that puts clients first. Our business in Europe is important strategically and financially to SRS and we believe the long-term opportunity is significant.”

Derek Bridgeman, managing director, SRS Europe, said: “The pieces are coming together nicely in Europe and, with the addition of Elyse and Steve’s skill set and experience, we are very excited about the foundation we are building in Guernsey.

“We anticipate several additional local hires and recognise that Guernsey’s stable, proportionate and responsive regulatory approach complements our global expansion initiatives around captives, commercial management and insurance-linked securities.

“To date, our interactions with regulators, as well as existing and new clients, have been extremely encouraging and provide us with confidence that an alternative to broker-led management offerings is very much welcomed.”

In addition to Bermuda and Guernsey, SRS has operations in the United States, Europe, Barbados, Cayman Islands and South Africa.