SRS acquires Barbados-based captive management company

Establishing a presence in Barbados will expand the company's reach in North America, exec says

SRS acquires Barbados-based captive management company

Insurance News

By Ryan Smith

Strategic Risk Solutions (SRS), one of the world’s largest captive management firms, has acquired the operations of Barbados-based CGE Group, an independently owned captive and other international business management company. Chris Evans, the current CEO of CGE, will continue to lead the firm, and all CGE staff will remain with the company.

Evans formed CGE in 2003. The company has grown into one of the top independent captive management firms in Barbados, servicing captives and other international business entities owned by US and Canadian organizations.

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“We believe that Barbados is well-suited to our captive management model, and establishing an operation in Barbados will allow us to expand our reach among North American captive owners, particularly in Canada,” said Brady Young, SRS president and CEO. “In reviewing the market, it quickly became apparent that CGE was an ideal fit with SRS and that an acquisition would allow us to establish a strong and immediate presence.”

“I have got to know Brady and the SRS operations over the past few months and have been very impressed with the depth of resources, professionalism and client focus of the firm,” Evans said. “Their approach and philosophy is similar to our own. I believe we have found an ideal partner in SRS in providing continuity to clients and staff.”

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