Fluid Truck, an American commercial vehicle truck rental company, has established a single parent captive in Washington DC, in preparation for its April insurance renewals.
Fluid Truck makes it easy to rent commercial vehicles 24/7 and currently operates in 400 cities in the U.S. It offers trucks, vans and electric vehicles to more than 100,000 users on its platform.
Captive Intelligence understands Nereus Insurance Co Inc received regulatory approval earlier this week and will be managed by WTW.
Fluid Truck appointed Courtney Claflin as its head of insurance in May 2022, after he had spent seven years at the University of California as executive director of captive insurance programs.
Claflin was hired partly for his experience in building and growing captive insurance companies.
The captive will begin by writing auto liability, commercial auto physical damage (APD) and excess.
Milliman has been appointed as actuaries working on the captive programmes.