Citadel Reinsurance Company Limited (the A- rated risk carrier) can work with your captive or cell to structure reinsurance protection either on an excess of loss or stop loss basis. Reinsurance is essential in the early stages of a captives life if it wants to avoid large collateral or capital investment. Citadels’ experience with structuring cell and captive reinsurance is second to none.
Run-off and closure of captives; Citadel Re can assume via a reinsurance assumption and novation agreement, all the remaining or quarantined risk to enable a final liquidation or dividend to shareholders. Citadel Risk will also consider full purchase of the run-off captive.