Citadel Risk is a niche, A rated reinsurance carrier, owns 2 rated insurance entities, an insurance & captive management company and provides back office and consultancy services to the (re)insurance sector. Since its beginnings in the late 1970s, Citadel Risk remains fiercely independent. Underpinned by a strong balance sheet and consistent profitability, Citadel Risk has grown significantly from its original Bermuda base.