Published:  02-Apr- 2007  | Product Category:  Captive Solutions | Comments: 0         

Green Island Reinsurance Treaty, established by Marsh in 1997 is a reinsurance pooling facility that allows participating captives to "share" their primary casualty or workers' compensation loss experience by transferring a portion of their risk in exchange for assuming the risks of other participants. 

Potential Advantages of participating in Green Island include:

• Reduction in the variability of loss costs;
• Ability to diversify a captive's (or cell's) underwriting portfolio;
• Low frictional costs with no additional capital or surplus required if risk is currently written by the captive; and
• Source of unrelated premium for a captive (or cell) to help support insurance company tax treatment

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