Strategic Risk Solutions adds Barbados segregated cell company

Strategic Risk Solutions adds Barbados segregated cell company

Strategic Risk Solutions, Inc., an independent company of insurance, reinsurance and captive management and consulting services, has actually obtained a segregated cell business in Barbados, increasing its variety of alternatives for those looking for structures to support insurance coverage and reinsurance associated transactions.Strategic Risk Solutions (SRS) currently uses a range of segregated and secured cell structures, which can be made use of for alternative risk transfer options, from captive insurance to making it possible for financiers from the capital market to participate in reinsurance offers.
SRS already has cell centers in Bermuda, Cayman, Guernsey, North Carolina, and Vermont.
The business stated that it has actually acquired Global Re SCC, a Barbados-registered Segregated Cell Company (SCC).
Global Re SCC was established in 2004 under the Companies Act of Barbados and has a Class 1 license that enables it to undertake both general insurance coverage organization and long-lasting insurance coverage, consisting of regular life insurance.
SRS Barbados Managing Director Kirk Cyrus will supervise the integration of Global Re SCC into SRS operations.
” Our acquisition of Global Re SCC represents the addition of yet another solution for SRSs rent-a-captive customers as well as for capital market investors aiming to take part in re/insurance programs,” Cyrus discussed.
” The hardening commercial market has actually promoted an interest in alternative risk solutions, and this deal advances our Barbados and groupwide objective of providing every readily available tool to our customers to have a strong negotiating position within the market.”
SRS offers its Protected Cell and Segregated Account centers to allow capital market financiers to get involved in collateralised reinsurance deals, while also offering fund accounting and administration options to the insurance-linked securities (ILS) market.

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