Captive Solutions to Strategic Challenges: Managing Asset Retirement Obligations in the Energy Industry

"OneNexus - Help us leave things better than we found them." 

Establishing a captive can be a unique solution to a challenge faced by its parent company. 

OneNexus Assurance™ is an Insured Financial Contract that provides funding for oil & gas decommissioning expenses. They have developed a solution to help the energy industry manage its asset retirement obligations, with the mindset that financial planning for AROs is essential to meeting Oil & Gas industry ESG commitments. 

View this webinar to hear directly from Tony Sanchez, the Founder & CEO at OneNexus Environmental, on the innovative solution that, together with their partners, have propelled OneNexus to become the trusted decommissioning solution. 

OneNexus Oklahoma Captive Corp (OOCC) was established for the sole purpose of collecting, managing, and distributing funds for Oil & Gas decommissioning liabilities. OOCC is a licensed and regulated insurance company, backstopped by the largest and highest-rated global reinsurance company, Munich Re, which has been in business for over 100 years. Subject to annual reviews by a state insurance regulatory agency (Oklahoma Insurance Department “OID”), OOCC is managed by a third-party captive insurance company manager (Strategic Risk Solutions). The third-party actuarial advisor, Milliman, Inc, is one of the world’s most established, independent risk management and actuarial science firm.

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    Patrick Theriault, Managing Director, Strategic Risk Solutions East Captive Management Services, sat down with Lori Chordas from AM Best TV during the Vermont Captive Insurance Association annual conference. The two discussed significant competition among domiciles for captives, with more attention shifting from offshore to onshore domiciles.
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    The Vermont Captive Insurance Assocation annual conference was held last week in Burlington, VT. Melissa Hancock, SRS' COO and Managing Director, spoke with AM Best during the VCIA conference as part of an expert panel discussion on "Parametric Cover Gains a Foothold as Regulators, Others Adapt."  Melissa is joined by AM Best's Fred Eslami and […]
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    Jeff Fitzgerald Rejoins SRS
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    Elyse Dandeker Moves Up through the Ranks of SRS Europe
    Concord, MA, July 13th, 2023 – Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, today announced that Elyse Dandeker has been promoted to Deputy Managing Director of the SRS Guernsey office and Head of European Operations. Reporting to Peter Child, SRS Europe CEO, Ms. Dandeker is a key member of the Europe leadership […]
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    Concord, MA, July 10th, 2023 – Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, announced that it has expanded further into Latin America with the appointment of Luis Delgado as Latam Regional Director. Mr. Delgado will be responsible for leading SRS’s business development strategies and the geographical expansion of the firm into Latin America. “Over […]
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    Jenny Pooley Named to 40 Under 40 Captive International List
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