Cell Facilities

Green Mountain Sponsored Captive (Green Mountain) is a protected cell captive insurance company in Vermont. Licensed in 2012, Green Mountain and its clients are the beneficiaries of Vermont’s highly commended governance and regulatory environment.

Green Mountain offers a turn-key captive solution in the largest US domicile. Its cells include captive programs, insuring traditional property and casualty risk, and group medical stop-loss programs.

SRS Elevanta, an association management organization, and Southern Insurance Underwriters, a certified Managing General Agency, own Green Mountain. For more information, visit gocaptivegogreen.com.

Coral Stone 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 the Cayman insurance laws, these organizations can establish a Segregated Portfolio or Portfolio Insurance Company.

Coral Stone was incorporated in 2020 to provide SRS clients with a specialty insurer and reinsurer facility. It has been used by several SRS clients as an “incubator” for their risk transfer financing vehicle before transferring their program to a stand-alone insurance company in the Cayman Islands or other domiciles.

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

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 Account Company (SAC), regulated by the Bermuda Monetary Authority and registered under the Segregated Accounts Companies Act of 2000. Superior is operated and managed by SRS Bermuda.

This facility provides a turnkey alternative to standalone captives as well as a special purpose vehicle or “transformer” facility for Insurance-Linked Securities (ILS) transactions like collateralized (re)insurance. Entities that want to move from a carrier or broker-sponsored cell facility or as an incubator for start-up captives can use the segregated accounts company.

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

Opportuna Insurance PCC, Ltd (Opportuna) is a Guernsey Protected Cell Company licensed by the Guernsey Financial Services Commission. Opportuna provides a protected cell environment to support bespoke risk management solutions and 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 (ILS). Opportuna is registered under Guernsey’s pre-authorization program, allowing cells to be set up within 48 hours.

Global Re SCC (Global Re) is a Barbados-based specialty insurer and reinsurer facility for organizations looking for 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 has a Class 1 license from the Barbados Financial Services Commission.

It 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 Strategic Risk Solutions (SRS) effective September 30, 2021, to provide a Barbados-domiciled solution for our rent-a-captive clients and capital market investors seeking to participate in (re)insurance programs.