Strategic Risk Solutions

We are pleased to announce the launch of our Value Share Bulk Purchase Annuity (“BPA”) proposition by completing a c.£500m transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring c.3,200 pensioner and deferred members. The first of its kind, this structure allows Trustees to insure the Scheme members in exactly the same way as a traditional buy-in transaction while also allowing Corporate Sponsors to participate in the risk and reward generated from insuring their well-funded UK pension schemes. M&G has been working for several years to develop this proposition and expects that this proof of concept transaction will open the door for many more Sponsors to consider this solution as a viable endgame for their UK pension schemes. The Sponsor, Trustee and M&G have been working tirelessly on this ground-breaking transaction and the strong alignment of interest between all parties involved has enabled this successful outcome. You can read the full press release here https://ow.ly/uzya50UeCu2 In the coming weeks we will be sharing more about how our Value Share BPA solution can benefit Schemes and Sponsors.

Major news! We’re thrilled to announce the launch of WSG Guardian Insurance Ltd, WSG’s very own insurance company based in Guernsey 😁 🚀   This means that WSG is now able to offer regulated and unregulated products to the whole market - including dealer groups, manufacturers, importers and corporate entities where a regulated contract is required. WSG Guardian Insurance will debut a selection of insurance-backed products starting with warranties (Mechanical Breakdown Insurance) - all of which will offer market-leading coverage. Our CEO, John Colinswood FIMI said:
"The launch of our own captive is a strategic move to futureproof our business, deepen our market presence, and pave the way for expansion into new markets. “It also enables us to maintain competitive pricing for our regulated products, ensuring we stay ahead in the industry. Our goal is to position ourselves as a competitive force in the market, standing out among existing players.”   We’d like to say a big thank you to Strategic Risk Solutions, the world’s largest insurance company manager, for supporting us in making this milestone possible.   Read the full story on AM Online: https://lnkd.in/eTg9_f5P

We are honored to announce that SRS Altitude has won the “Underwriting Solution of the Year” award from Captive Review. This award reflects the hard work, innovation, and dedication of our incredible team. A sincere thank you to Captive Review, the judges, our clients and partners for trust and support.

Join us in congratulating 2024 Karen Cutts visionary award winner, Derick White! This award honors Derick’s thirty-five-plus years of service in the captive industry as CPA, auditor, regulator, Deputy Commissioner and Director of Captives, and more. Derick established Vermont's captive examination and application process, reviewing hundreds of captive applications and advocating for RRG-friendly regulatory standards. Since transitioning to the private sector, Derick has managed Eastern U.S. operations for a captive management company, served on numerous industry boards, and remains active as a board member for three risk retention groups. Please join us in honoring Derick’s accomplishments in the comments below! #NRRA2024