Captiva Managers has merged with Caledonian Insurance Services to provide captive insurance management services through its offices in the Cayman Islands, the British Virgin Islands and Anguilla.
The merged company, trading under the name, Captiva Managers, manages in excess of one hundred insurance programmes with total annual premiums and assets under management in excess of $2billion.
Managing director of the combined group, Connor Jennings said: “Our initial plans for Captiva are very simple. That is to enjoy the obvious benefits of economies of scale, to utilise our combined legal, insurance, risk management and accounting skills, and to tap into our combined network of international clients and contacts. However, our mid to long-term vision is to leverage our combined legal, fiduciary and insurance skills to develop innovative captive insurance services. These will involve the blending of traditional captive insurance with asset protection and estate planning products.”
