W.R. Berkley forms captive in North Carolina
W.R. Berkley Corporation has formed Oak Harbor Reinsurance Company (Oak Harbor Re), a protected cell captive insurance company, licensed by the North Carolina Department of Insurance on 25 November.
Oak Harbor Re will provide an onshore captive alternative for the group medical stop-loss programme of Berkley Accident and Health, a Berkley company.
The captive has engaged Strategic Risk Solutions (SRS) to manage captive insurers licensed in the state out of their Charlotte office.
