Flagstone International has partnered with Strategic Risk Solutions to allow its European clients access to the cash deposit aggregator’s platform.
Flagstone’s platform allows trusts, funds, companies, and high net worth individuals to manage their cash deposits across multiple banks and jurisdictions using a single account.
The firm already makes its platform available through trust companies, private banks, wealth managers and family offices, but is now targeting captive insurance.
“Having made great strides within the trust space, we recognised similar issues were arising for managers of captive insurance structures – both standalone and cell structures – which made this a logical next step for Flagstone International,” said Damian Cocking, head of sales at Flagstone International.
“We are very excited to be launching into the captive space and we look forward to rolling out our platform to other leading firms in this area of the market in the not-too-distant future.”
Peter Child, CEO at SRS Europe, said:“SRS provides our clients with the most innovative options when it comes to using their captive to better their business.
“When Flagstone International first came to me with this idea I thought it was an interesting option to ensure our clients can continue to manage cash deposits with ease.”