Warranty Solutions Group (WSG) has partnered with Strategic Risk Solutions (SRS) to launch WSG Guardian Insurance, a Guernsey-based captive offering regulated protection products.
The new entity will provide a range of insurance-backed products, including mechanical breakdown insurance, catering to dealer groups, manufacturers, importers, and corporate entities requiring regulated contracts.
WSG Guardian Insurance, fully owned by WSG, operates independently in Guernsey and will offer products through its regulated subsidiary, Warranty Professionals, to dealers registered with the Financial Conduct Authority (FCA) or appointed representatives of authorised principal firms.
John Colinswood, CEO of WSG, comments: “This marks a significant step forward for our business. With WSG’s extensive expertise and exceptional growth, we have recognised the strong demand among both dealers and customers for fair-value insurance products that meet consumer protection expectations.
“The launch of our own insurance captive is a strategic move to futureproof our business, deepen our market presence, and pave the way for expansion into new markets.”
Peter Child, CEO of SRS Europe, adds: “Our long-term relationship model is built on a steadfast commitment to client success. Leveraging our extensive experience in the global captive insurance industry, we empower our clients to manage risk effectively and maximise cost-saving opportunities.
“WSG will unlock significant opportunities with the launch of WSG Guardian Insurance, positioning it as the premier provider of regulated products in the motor industry.”
