13 November 2015Actuarial & underwriting

JLT Towner launches sponsored cell captive

Captive manager JLT Towner Insurance Management has launched a sponsored cell captive in Connecticut.

The company, Isosceles Insurance Company, provides small and medium-sized businesses with access to captive insurance.

It can also serve as a single-purpose reinsurance vehicle for organisations of any size, according to Thomas Stokes, chief executive officer of Isosceles in the US.

Stokes, who also serves as managing principal and US consulting practice leader for JLT Towner, added: "This provides a timely opportunity for some companies as year-end approaches."

Guy Ragosta, JLT Towner CEO and partner, said: “By licensing Isosceles domestically, we have met a growing demand from clients and other organisations for this type of facility. Companies that take advantage of Isosceles can feel confident knowing they will receive the same captive insurance expertise from our company as our clients in more complex structures do.”