Marsh Captive Solutions Advises on Establishment of First Captive in Connecticut
Published: August 02, 2012 | Country: United States
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August 2, 2012—Connecticut Governor Dannel P. Malloy announced that Thomson Reuters moved its U.S. insurance subsidiary from Delaware to Connecticut, establishing the state’s first captive insurance company.
Marsh Captive Management Solutions is Thomson Reuter’s captive manager and advised the company on the relocation of its subsidiary, Thomson Reuters Risk Management (TRRMI). TRRMI was licensed by the Connecticut Insurance Department on July 31, after financial, actuarial, and legal review.
“We’re very pleased to have advised Thomson Reuters on this important element of their risk management strategy and believe Connecticut has aligned itself to be a thriving new captive domicile in the U.S.,” says Julie Boucher, Captive Solutions Practice Leader, Americas.
“A growing number of states are realizing the economic advantages of attracting corporations and organizations to their states to form captive insurance companies,” explains Michael Serricchio, Marsh Captive Solutions and advisor to Thomson Reuters.