Reinsurance Solutions has entered into a strategic partnership with Mauritius-based financial services provider, Fortree Management Services, to provide local, African and global clients with access to pure captive re/insurance.

Working with Mauritian regulators, the collaboration seeks to make Mauritius a preferred pure captive insurance jurisdiction in the world, providing a comprehensive service to potential captive owners or businesses wanting to redomicile jurisdictions.

Blessing Chiguye, Reinsurance Solutions Executive Head, says the firm is looking forward to leveraging its deep understanding of the risk landscape and strong industry relationships to work with Fortree in providing our markets with viable, captive solutions.

“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. This is a mutually beneficial partnership that will greatly assist captive owners or those businesses looking to redomicile jurisdictions,” Chiguye explains.

Fortree provides a full suite of financial services to meet its clients’ business needs. It leverages its experience and global network reach to tailor solutions to help clients achieve their business objectives. It is a dynamic management company that distinguishes itself from other players in the industry through its business approach and pure captive insurance expertise.

“I developed a passion for pure captive insurance over the years and have long had the vision to develop Mauritius as a centre of excellence for pure captive insurance. This vision can now become a reality working with our strategic partner, Reinsurance Solutions. As a leader in African reinsurance broking, Reinsurance Solutions will enhance the gaming field on the captive insurance front, and together we will provide a seamless captive insurance experience,” explains Kaviraj Nuckchedee, Director and Head of Captive Insurance at Fortree.

The two partners will do this through their combined service offerings, which include company incorporate and licensing; administration; company secretarial; directorships; accounting and tax; compliance functions; corporate governance; underwriting; brokering; reinsurance; and insurance management.

Both partners bring to the table important networks of reinsurers and strategic stakeholders that are ready to support African businesses through reinsurance, specialised insurance products and alternative risk management strategies via a captive insurance offering that brings increased efficiency to clients’ businesses.