Strategic Risk Solutions

What Strategic Risk Solutions does

Strategic Risk Solutions (SRS), founded in 1993 and headquartered in the United States (Vermont/Concord), is a privately held independent insurance company manager focused exclusively on the captive insurance and alternative risk financing industry. The firm manages 1,300+ insurance entities and over $14 billion in cumulative client premiums (with managed entities generating more than $8 billion in annual gross written premiums), making it the world's largest independent insurance company manager by its own positioning. Its core service offering includes new captive formation (feasibility, business planning, domicile selection), ongoing captive management (financial reporting, regulatory compliance, underwriting management), management of group captives and cell/rent-a-captive facilities, and complementary professional services in actuarial work, governance/risk/compliance, data science, and insurance-linked securities (ILS) vehicle administration. The platform spans 36+ locations across North America, Latin America, Europe, and the Caribbean, with subsidiaries including Garnet Captive, Elevate Insurance, SRS Altitude, and SRS Titanium, and an owned portfolio of protected cell companies and segregated account companies across Vermont, Cayman, Bermuda, Barbados, North Carolina, Guernsey, and Utah. Proprietary or specialized technology assets include the Captive 360° strategic planning methodology, a customized ILS accounting and underwriting system, SRS Data Science Services for AI-assisted analytics, and OpIngen, a next-generation operational engine for the reinsurance and ILS markets built in partnership with Jireh and launched in late 2025.

SRS generates revenue primarily through ongoing management fees from captive insurance and commercial (re)insurance clients, supplemented by project-based consulting fees for feasibility studies, strategic planning, domicile evaluations, and expansion advisories. Pricing is custom engagement-based rather than published, and the go-to-market is enterprise-focused: high-touch, direct sales with dedicated account teams, supplemented by thought leadership content, webinars, industry conferences, and an annual Client Symposium. The firm operates under a domicile-neutral model that enables flexible captive placement across onshore (Vermont, Utah, North Carolina) and offshore (Bermuda, Cayman, Barbados, Guernsey) regimes, and holds ISO/IEC 27001 and SSAE 18 (SOC 1) certifications across its domiciles, an industry first. Customers span diversified verticals including Healthcare (238+ captives), Construction (45+), Group Captives (126), Energy/Mining (30+), Agriculture (27+), PEO/Staffing (20+), and Insurtech.

Name

Strategic Risk Solutions

Legal name

Strategic Risk Solutions

Website

https://strategicrisks.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Strategic Risk Solutions, founded in 1993, is the world's largest independent insurance company manager, providing captive insurance formation, management, and consulting services to over 1,300 entities across 36+ global locations in North America, Latin America, Europe, and the Caribbean.

Ownership category

akta.pro rank

Product category

Captive Insurance Management and Alternative Risk Financing Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Finance and Insurance (52)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

akta.pro secondary industries

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG), Risk, Compliance & Internal Controls Consulting (BPAHACAJ), Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB), General Liability Reinsurance (FSAOABAD)

Keywords

• Captive insurance management
• Alternative risk financing
• Captive consulting services
• Insurance-linked securities
• Rent-a-captive facilities

Headquarters

HQ city

Concord

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Captive Insurance Management Services: Ongoing management fees for managing captive insurance entities including financial reporting, regulatory compliance, underwriting management, and day-to-day operations
2. Captive Consulting Services: Feasibility studies, business plan development, strategic planning, and expansion advisories for captive insurance companies
3. Additional Services (GRC, Actuarial, Data Science): Governance, risk and compliance consulting, actuarial services, data science services, and program management
4. Commercial Insurance/Reinsurance Management: Management and consulting for commercial insurers and reinsurers including formation, ongoing management, and regulatory compliance services

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Strategic Risk Solutions (SRS) provides captive insurance management and consulting services, including captive formation (feasibility studies, business plan development, domicile selection, regulatory compliance), ongoing captive management (financial reporting, underwriting management, day-to-day operations), and alternative risk financing solutions such as insurance-linked securities, commercial reinsurance management, and cell captive facilities. The firm also delivers actuarial, data science, governance/risk/compliance (GRC), and medical stop loss services across 36+ global locations, currently managing 1,300+ insurance entities and $14 billion in client premiums.

Product overview

Strategic Risk Solutions (SRS) offers a comprehensive captive insurance management platform with core services encompassing captive formation, management, and consulting for single-parent captives, cell captives, group captives, and Risk Retention Groups. The portfolio includes proprietary methodologies like Captive 360° for strategic planning, specialized cell facility solutions (Green Mountain, Coral Stone, OBX, Superior, Opportuna, Global Re, Red Rock), and complementary services in commercial reinsurance, insurance-linked securities, actuarial support, data science, and medical stop loss coverage. The company has expanded into sub-brands including SRS Titanium (GRC-focused) and SRS Altitude, with subsidiaries Garnet Captive and Elevate Insurance. Services span North America, South America, Europe, and Caribbean regions with over 1,300 insurance entities under management.

Differentiator

Problem solved

Functional benefit

Brands

• SRS Altitude: Captive insurance services offering
• SRS Titanium
• Green Mountain Sponsored Captive Insurance Company
• Coral Stone Insurance SPC, Ltd.
• Outer Banks Risk Solutions, Inc.
• Superior Risk Solutions SAC, Ltd.
• Opportuna Insurance PCC Limited
• Global Re SCC
• Red Rock Risk Solutions, Inc.

Products and services

• Existing Captives Management Comprehensive management and consulting services for organizations that already operate captive insurance companies, including strategic direction evaluation, management transfer, performance optimization, and ongoing administration across global domiciles.
• New Captive Formation Services Expert guidance for organizations establishing new captive insurance companies, including feasibility studies, business plan development, domicile selection, legal and regulatory compliance, financial structuring, and ongoing launch support.
• Group Captives Management Management of group captive insurance arrangements where multiple organizations pool risks to share costs, gain economies of scale, improve risk management, and access reinsurance markets collectively. SRS manages 126 group captives.
• Cell Facilities / Rent-a-Captive Solutions Rent-a-captive and cell facility solutions including Protected Cell Companies (PCCs), Segregated Account Companies (SACs), and Sponsored Captives that allow organizations and capital market investors to establish captive-like arrangements without forming a standalone insurance company.
• Commercial (Re)Insurance Management Full-spectrum management and consulting for commercial insurers and reinsurers including formation, licensing, underwriting operations, financial expertise, risk management, regulatory compliance, and operational support, representing more than $8 billion in annual gross written premiums from managed insurance entity clients.
• Insurance-Linked Securities (ILS) Services Comprehensive management services for Insurance-Linked Securities vehicles including special purpose insurers, collateralized reinsurance ventures, protected cell companies, and segregated account structures for capital market investors. Backed by a customized Insurance Accounting and Underwriting System.
• SRS Titanium (GRC Services) Specialized governance, regulatory, and compliance (GRC) services for captive insurance owners, providing dedicated expertise on regulatory compliance, internal audits, independent governance reviews, board effectiveness, company secretary services, and independent directorships. Launched as a separate subsidiary in November 2025 under CEO Robert Gagliardi.
• SRS Altitude Specialized subsidiary offering altitude-specific captive insurance solutions under the SRS portfolio, with dedicated expert resources focused on particular captive insurance niches and challenges.
• Data Science Services AI-driven analytics services that transform complex data into actionable intelligence, helping captive owners and group members enhance risk management, optimize costs, and improve underwriting, claims analysis, and financial reporting.
• Actuarial Services Comprehensive actuarial support including data cleansing, report generation, loss reserves analysis, and tailored actuarial services for non-life captives, reinsurance companies, and organizations across European, Bermuda, Cayman, and Barbados domiciles.
• Medical Stop Loss Captive Solutions Curtailment of group medical stop loss coverage through captive vehicles, allowing large companies and small to mid-size employers to reduce fixed expenses and retain underwriting profits while gaining greater control over their healthcare risk financing.
• Governance, Risk & Compliance (GRC) Consulting International top-tier GRC services for captive insurance owners, covering regulatory compliance, internal audits, independent governance reviews, board effectiveness guidance and training, company secretary services, and independent directorships.
• Green Mountain Sponsored Captive Insurance Company Vermont-licensed protected cell captive insurance company offering turnkey captive programs, traditional property and casualty risk insurance, and group medical stop loss programs for prospective captive owners.
• Coral Stone Insurance SPC, Ltd. Cayman Islands-based specialty insurer and reinsurer providing a third-party risk transfer financing vehicle with segregated portfolio or portfolio insurance company options for capital market investors.
• Outer Banks Risk Solutions, Inc. (OBX) North Carolina-licensed protected cell captive insurance company fully controlled by SRS, offering turnkey onshore rent-a-captive captive insurance solutions for U.S.-based prospective captive owners.
• Superior Risk Solutions (SAC), Ltd. Bermuda-based segregated accounts company (SAC) regulated by the Bermuda Monetary Authority, operated and managed by SRS Bermuda, providing a turnkey alternative to standalone captives and a special purpose vehicle for ILS transactions.
• Opportuna Insurance PCC Limited Guernsey protected cell company (PCC) licensed by the Guernsey Financial Services Commission, providing a protected cell environment for bespoke risk management solutions with the ability to set up cells within 48 hours.
• Global Re SCC Barbados-based specialty insurer and reinsurer facility holding a Class 1 license from the Barbados Financial Services Commission, providing segregated cell solutions for rent-a-captive clients and capital market investors seeking exposure to (re)insurance programs.
• Red Rock Risk Solutions, Inc. Open access rent-a-captive facility in Utah offering turnkey captive insurance solutions to mid-size companies, operating as a licensed protected cell captive insurance company (PCC) fully controlled by SRS.

Quantifiable outcome

• $14 billion in client premiums managed
• +2 more outcomes

Named customers1 record

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• JirehflagshipTechnology or Integration · 9 December 2025Strategic partnership to launch OpIngen, a next-generation operational engine for the reinsurance and ILS markets. Joint development of technology platform for insurance-linked securities and alternative risk sector.
• SRS AltitudecoreOthersSRS subsidiary company focused on specific captive insurance solutions and services
• Garnet CaptivecoreOthersSRS subsidiary company specializing in group captive solutions
• Elevate InsurancecoreOthersSRS subsidiary company offering additional insurance management services
• SRS ElevantacoreOthersAssociation management organization and co-owner of Green Mountain Sponsored Captive Insurance Company
• Southern Insurance Underwriters, Inc.coreOthersCertified managing general agent (MGA) and co-owner of Green Mountain Sponsored Captive Insurance Company

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Marsh Captive Solutions: Marsh's dedicated captive insurance management practice offers formation, consulting, and management services across global domiciles, making it the most direct large-scale competitor to SRS within the broader Marsh McLennan ecosystem.
• Aon Captive Solutions: Aon's captive insurance practice provides captive feasibility, formation, and management services globally, competing head-to-head with SRS across multiple domiciles and verticals.
• WTW Captive Solutions: Willis Towers Watson's Global Captive Practice delivers captive management, consulting, and analytics services, representing a broad incumbent competitor with deep multinational client relationships.
• JLT Specialty (now Marsh) Captive Services: Originally a standalone competitor before its acquisition by Marsh, JLT's captive practice historically competed with SRS across European and Caribbean domiciles, now operating within the Marsh captive franchise.

Direct peers

• Artex Risk Solutions: Artex is one of the largest independent captive insurance managers globally, providing formation, management, and consulting services across multiple jurisdictions — directly comparable in business model and scale to SRS.
• Davies Captive Management: Davies operates a captive management business focused on formation, ongoing management, and consulting for captive insurers across multiple domiciles, competing for similar mid-market and enterprise clients.
• RPS Group Captive Management: RPS provides independent captive insurance management and consulting services, with comparable offerings in feasibility, formation, and ongoing administration across U.S. and offshore domiciles.
• USA Risk Group: USA Risk Group is an independent captive insurance manager offering formation, consulting, and management services, often cited alongside SRS as a top independent alternative to broker-owned captive practices.
• Crystal & Company: Crystal & Company operates a captive and alternative risk solutions practice providing consulting and management services for middle-market and large clients, overlapping with SRS's commercial and reinsurance management offerings.

Emerging players

• Beecher Carlson (Brown & Brown) Captive Practice: Beecher Carlson, now part of Brown & Brown, operates captive insurance and alternative risk management solutions for mid-market and large clients, representing a more regionally focused competitor in the U.S. captive market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks2 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@strategicrisksolutions
• LinkedInlinkedin.com/company/strategic-risk-solutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strategic Risk Solutions