The Accident & Health Division of Crum & Forster has launched Crum & Forster SPC, a Captive Facility in the Cayman Islands.
The A&H Segregated Portfolio Company (SPC) Captive is rated A by A.M. Best. The Crum & Forster SPC Captive is part of Crum & Forster and will provide C&F with the ability to issue offshore insurance policies as well as facilitate reinsurance transactions for various clients including but not limited to policyholders, agents, and MGUs.
According to Gary McGeddy, president of A&H, the new legal entity is an opportunity for Crum & Forster to grow its business in the offshore insurance and alternative risk transfer market over the next several years and beyond.
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
