Cell Facilities

Green Mountain Sponsored Captive Insurance Company (Green Mountain) is a protected cell captive insurance company (PCC) in Vermont. Licensed in 2012, Green Mountain and its clients benefit from Vermont’s renowned, highly commended governance and regulatory environment.

Green Mountain offers a turnkey captive solution in the largest US domicile. The company’s cells include captive programs, traditional property and casualty risk insurance, and group medical stop loss programs.

SRS Elevanta, an association management organization, and Southern Insurance Underwriters, Inc., a certified managing general agent (MGA), are co-owners of Green Mountain. For more information, visit:

 gocaptivegogreen.com.

Coral Stone Insurance SPC, Ltd. is a specialty insurer and reinsurer based in the Cayman Islands. It provides a facility for organizations seeking a third-party risk transfer financing vehicle. Under Cayman insurance laws, these organizations can establish a segregated portfolio or a portfolio insurance company.

Coral Stone was incorporated in 2020 to provide SRS clients with a specialty insurer/reinsurer facility. The company has been used by several SRS clients as an “incubator” for their respective risk transfer financing vehicles (ahead of transferring an entire program to a standalone insurance company in the Cayman Islands or in other domiciles).

Outer Banks Risk Solutions, Inc. (OBX) is an onshore rent-a-captive facility that offers turnkey captive insurance solutions to SRS clients. OBX is a North Carolina-licensed protected cell captive insurance company (PCC), fully controlled by SRS.

Note: The North Carolina-protected cell structure allows for the creation of incorporated and protected cells (or unincorporated cells ).

Superior Risk Solutions SAC, Ltd. (Superior) is a Bermuda-based segregated accounts company (SAC), regulated by the Bermuda Monetary Authority and registered under the Segregated Accounts Companies Act of 2000. Superior is both operated and managed by SRS Bermuda.

Superior’s facility provides a turnkey alternative to standalone captives as well as a special purpose vehicle or “transformer” facility for insurance-linked security (ILS) transactions such as collateralized (re)insurance. Entities looking to move from a carrier- or broker-sponsored cell facility or searching for an incubator for startup captives can use Superior’s SAC as a reliable solution.

Leaving a carrier- or broker-sponsored cell managed by SRS for a Superior cell means clients can continue to operate within the Bermuda domicile while also retaining their existing service team .

Opportuna Insurance PCC Limited (Opportuna) is a Guernsey protected cell company (PCC) licensed by the Guernsey Financial Services Commission. Opportuna provides a protected cell environment to support bespoke risk management solutions, and the company is available for current and future clients interested in establishing a presence in Guernsey.

Opportuna is operated and managed by SRS for the exclusive benefit of our clients. It provides a turnkey solution for captive insurance programs and a special purpose vehicle for financial transactions such as insurance-linked securities (ILSs). In addition, Opportuna is registered under Guernsey’s pre-authorization program, which allows cells to be set up within 48 hours .

Global Re SCC (Global Re) is a Barbados-based specialty insurer and reinsurer facility for organizations in search of a third-party risk transfer financing vehicle to establish a segregated cell in a licensed insurance entity. Global Re was incorporated on June 1, 2004, and currently holds a Class 1 license from the Barbados Financial Services Commission.

Global Re has been a licensed entity since August 27, 2004, and may engage in general and long-term insurance––specifically ordinary life insurance. Global Re was acquired by SRS (effective September 30, 2021) to provide a Barbados-domiciled solution for rent-a-captive clients and for capital market investors seeking to participate in (re)insurance programs.

Red Rock Risk Solutions, Inc. (Red Rock) is an “open access” rent-a-captive facility that offers turnkey captive insurance solutions to mid-size companies. Red Rock is not affiliated with any insurance carrier or retail brokerage.

Located in Utah, Red Rock is a licensed protected cell captive insurance company (PCC) and is fully controlled by SRS, the largest independently owned captive manager worldwide. Red Rock is uniquely positioned to offer new and experienced captive clients an onshore platform that’s both customizable and easy to engage. Experienced professionals in various disciplines such as insurance, accounting, underwriting, governance, and regulatory guidance are all at your disposal through Red Rock.