19 September 2014

StrucSure selects Wilmington as manager

StrucSure Risk Management Group, a provider of warranties and re/insurance products and services, has chosen Wilmington Trust as the new captive manager for its re/insurance companies, Golden Insurance Company, RRG and Four Points Re.

“Wilmington Trust has provided corporate and institutional financial solutions for over a century and is one of the most financially sound and successful companies in the nation’s financial services industry,” said Kirk Mooneyham, managing director of Captive Management Services for Wilmington Trust.

“Our management of Golden Insurance Company, RRG and Four Points Re, SPC, further improves the financial capabilities of those companies and builders can have increased confidence in their management and financial security under this new arrangement.”

OnPoint Underwriting, an insurance programme administrator, will continue to provide underwriting services for Golden Insurance Company, RRG under the new arrangement.

“We are excited about the opportunities new management under Wilmington Trust presents as it comes at a time when revitalisation of the construction industry is in full force and our builder clients are in a period of growth,” said Christopher Macaulay, president of StrucSure Risk Management Group. “Together, Wilmington Trust and OnPoint Underwriting create a strong management structure that will be an asset to our builder clients today and into the future.”