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.
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
