ERI Solutions, Inc.(“ERI”) owns and manages ERM SPC, Ltd. (“ERM”), a segregated cell captive insurance company domiciled in the Cayman Islands. The captive insurance company is designed to reinsure risks of qualified owners/shareholders.
How Captive Management Works
ERM is structured much like a traditional insurance company with the key difference being who benefits from the good loss experience. The insured owners/shareholders of ERM receives returns of surplus and distributions when loss experience proves to be better than annual actuarial projections.
Captive Management Results
The company is managed by ERI, governed by the elected Board of Directors which take direction from an Advisory Committee comprised of insured shareholders and four sub-committees as illustrated below:
As a segregated portfolio captive insurance company, the ability to start new segregated portfolios and grow the company is continuously evaluated. ERI continues to evaluate opportunities to develop additional homogeneous and/or heterogeneous programs to provide reinsurance for other companies, risks or industries.