Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Bermuda market veteran Brad Meindersma has joined as the president of SRS Managers (Canada) Limited.

Brady Young, SRS president and CEO, said: “We are excited to have Brad join us as we have many Canadian clients in various domiciles but decided it was an opportune time to have ‘boots on the ground’ locally to better serve our current and future clients based or with significant operations in Canada.

“We expect an uptick in activity, both new formations and re-domestications, given recent legislative changes and the opportunity to form domestic captives in British Columbia and more recently Alberta. Brad is the ideal person to build and lead our team in Canada as these domiciles gain traction.”

Mr Meindersma said: “I’m happy to be part of SRS and looking forward to collaborating with my new colleagues, clients and all the new opportunities on the horizon.

“The growth potential at SRS is very exciting. Diving into the legislation and co-ordinating the set-up of Alberta and British Columbia insurance management operations is a great beginning.

“SRS has such a well-respected reputation and growing the business into Canada to provide customised services is the logical next step.”

Mr Meindersma is a former senior vice-president for Marsh Bermuda and executive vice-president at JLT Insurance Management.

SRS said he has worked directly with and advised senior executives from companies ranging from mid-sized to Fortune 50.

Mr Meindersma has acted as the client account executive, a captive board member, an underwriting committee and/or investment committee member, client prospecting and sales manager, captive and commercial insurer set-up, and coordinated the AM Best rating process as well as liaising with external service providers for a portfolio of captive and commercial clients.