Flagstone International has partnered with captive insurance manager Strategic Risk Solutions (SRS) to allow SRS’s clients access to its cash deposit platform. Launched last year in Jersey, Flagstone International allows trusts, funds, companies, and high-net-worth individuals to manage their cash deposits across multiple banks and jurisdictions using a single account. Damian Cocking, head of sales at Flagstone International, comments: “Having made great strides within the trust space, we recognised similar issues were arising for managers of captive insurance structures — both standalone and cell structures — which made this a logical next step for Flagstone International. “We are very excited to be launching into the captive space, and we look forward to rolling out our platform to other leading firms in this area of the market in the not-too-distant future.” Peter Child, CEO at SRS Europe, says: “SRS provides our clients with the most innovative options when it comes to using their captive to better their business. “[The partnership with Flagstone International] is an interesting option to ensure our clients can continue to manage cash deposits with ease.”
