Fortree Management Services (Fortree) and Reinsurance Solutions are partnering to bring together their connecting experience and expertise.
Reinsurance Solutions is one of the largest independent African-owned reinsurance broking groups on the continent.
The firm is headquartered in Mauritius and has offices in Africa and London from where it services reinsurance clients across the broader continent and Indian Ocean islands.
Reinsurance Solutions has in-depth knowledge of the various African reinsurance markets and locally focused skill sets in these regions.
They have expertise all conventional lines of business, such as property, engineering, political & social risks, aviation, professional / financial lines, marine, energy, and liability amongst others.
“By combining our reinsurance broking expertise and captive capabilities with Fortree’s management expertise, we can empower businesses to take greater control of their risk financing strategies and potentially achieve cost savings,” said Blessing Chiguye, executive head at Reinsurance Solutions.
“This is a mutually beneficial partnership that will greatly assist current and potential captive owners or those businesses looking to redomicile jurisdictions.”
Fortree is based in Mauritius and provides a suite of financial services to meet clients’ business needs ranging from global business companies, trusts, authorised companies, to captive insurance, family office, insurance broker, and relocation to Mauritius.
The company leverages its experience and global network to tailor solutions that will help companies with their business objectives.
Fortree and Reinsurance Solutions share a common goal to make Mauritius the preferred pure captive insurance jurisdiction in the African region, together with the support of the Mauritian regulators.
They believe they have a successful platform for potential captive owners through their services ranging from company incorporation and licensing, administration, company secretarial, directorships, accounting and tax, compliance functions, corporate governance to underwriting, brokering, reinsurance and insurance management.
“It is with great humility that we are announcing this strategic alliance,” said Kaviraj Nuckchedee, director & head of captive insurance at Fortree.
“Mauritius has all the ingredients required to position itself as a centre of excellence for pure captive insurance and this is the direction we are heading together with our strategic partner, Reinsurance Solutions.
“The latter being among the leading reinsurance broking companies in the African Region will enhance the gaming field on the captive insurance front and with that together we will provide a seamless experience to clients.”