JLT Towner Insurance Management has licensed Isosceles Insurance Company, a sponsored cell captive, in Connecticut.
Thomas Stokes, CEO of Isosceles in the US and managing principal and US consulting practice leader for JLT Towner, commented: “Isosceles provides small and medium-sized businesses with efficient and easy access to captive insurance, and can also serve as a single-purpose reinsurance vehicle for organisations of any size.”
"This provides a timely opportunity for some companies as year-end approaches."
JLT Towner CEO and partner Guy Ragosta added: “By licensing Isosceles domestically, we have met a growing demand from clients and other organisations for this type of facility."
"Companies that take advantage of Isosceles can feel confident knowing they will receive the same captive insurance expertise from our company as our clients in more complex structures do.”
Isosceles was originally formed in 1997 in Bermuda.
