Captives and RRGs

  • Citadel International Reinsurance Company Limited (CIRCL) is our own segregated cell facility based in Bermuda.  It can offer an inexpensive method of start up to manage your own captive without all the obligations of a full conventional captive.
  • Citadel Reinsurance Company Limited (the risk carrier) can work with your captive or cell to structure reinsurance protection either on an excess of loss or stop loss basis.
  • 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.