Jan 30, 2014
We are delighted to announce that Aon has been awarded Cell Captive of the Year by for its captive insurance group, White Rock. The White Rock Group offers clients a diverse suite of insurance solutions through the utilisation of Protected Cell (PCC), Incorporated Cell (ICC)and Segregated Account facilities.
Owned by Aon, White Rock is a unique and leading group of insurance and reinsurance vehicles with 100 active cells writing over US$325m in gross premium across 5 domiciles (Bermuda, Gibraltar, Guernsey, Isle of Man and Malta), covering most Property & Casualty lines and collateralised reinsurance, including life business. White Rock was the first group to form a Protected Cell Company, the first to form an Incorporated Cell Company and is constantly seeking to adapt its structures and domicile infrastructure to meet client needs. It is recognised as a leader in the captive arena.
Cell Captive of the Year was awarded by Captive Review, one of the leading publications in the captive industry. The awards aim to recognise excellence in the delivery and management of captive insurance and celebrate those who have excelled in captives in the last year.
Vince Barrett, Managing Director, White Rock Group, said 'We at Aon Captive and Insurance Management constantly strive to develop innovative ways of helping our clients achieve their objectives. Our PCC and ICC offerings are a prime example of this and it is fantastic to be recognised with this cell captive award which we accept proudly and with sincere appreciation.'
The judges stated that "White Rock has 100 active cells writing over $325 million in gross premium across Bermuda, Gibraltar, Guernsey, Isle of Man and Malta. They provide clients with captive-style risk management solutions via fronted and retention cells and have developed themselves as a one of the leading protected cell company operators in Bermuda and in both onshore and offshore Europe."
A link to the awards page is below.
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