Crum & Forster A&H Division Forms Captive Facility in Cayman Islands

The Accident & Health Division of Crum & Forster has launched Crum & Forster SPC, a Captive Facility in the Cayman Islands.

The A&H Segregated Portfolio Company (SPC) Captive is rated A by A.M. Best. The Crum & Forster SPC Captive is part of Crum & Forster and will provide C&F with the ability to issue offshore insurance policies as well as facilitate reinsurance transactions for various clients including but not limited to policyholders, agents, and MGUs.

According to Gary McGeddy, president of A&H, the new legal entity is an opportunity for Crum & Forster to grow its business in the offshore insurance and alternative risk transfer market over the next several years and beyond.