Winner: Strategic Risk Solutions
Highly commended: Aon
Highly commended: Artex
Strategic Risk Solutions (SRS) is focused exclusively on the captive industry. It says the foundation of its business is the delivery of timely and accurate financial reporting services. To ensure the accuracy and quality of its work products it adheres to a strict peer review process, conducting formal stewardship reports on its captive accounts to review service quality and highlight areas for improvements. SRS claims its success is dependent purely on its ability to deliver top quality captive management and consulting services.
Aon Insurance Managers Cayman traces its origins back to 1975, as part of the International Risk Management Group. It has a long-standing, active presence in Cayman, with many clients from those early days remaining under management. It says it delivers value to clients by focusing on the management, control and reduction of their total cost of risk, helping them identify and quantify the risks they face and assisting them with the selection and implementation of the appropriate risk transfer, risk retention and risk mitigation solutions.
Artex strengthens its clients’ control over costs by combining the advantages of a captive structure with customised and comprehensive insurance coverage to address unique exposures, it says. It provides a range of services for captives, including formations for single parent, group and other types of captives, risk management services to mitigate losses and improve a client’s risk profile, outsourced insurance management, corporate services and runoff solutions to help clients generate value, contain losses and save costs.