10 June 2016Bermuda analysis

Citadel Risk rebrands Cedar Management as acquisition finalises

Niche reinsurer Citadel Risk, based in Bermuda, has finalised its acquisition of Cedar Management, a consulting firm based in the US.

Cedar Management has now become Citadel Management Bermuda, as part of the acquisition. However, the name of Cedar Consulting, the US-based captive insurance consulting firm, remains unchanged.

The change of name reflects the integration of Cedar into the Citadel Risk Group.

Citadel has said the group is now able to provide a cradle-to-grave captive management service, offering captive & segregated cell set-up, captive management, stop loss and fronting re/insurance and finally, legacy solutions for closure of captive entities.