Bermuda-based niche reinsurer Citadel Risk has finalised its acquisition of consulting firm Cedar Management.
As part of this acquisition, Cedar Management now becomes Citadel Management Bermuda. The name of US-based captive insurance consulting firm, Cedar Consulting, has remain unchanged, however.
The name change reflects the integration of Cedar into the Citadel Risk Group.
According to Citadel, the group is now able to provide a cradle-to-grave captive management service, offering captive & segregated cell set-up, captive management, stop loss and fronting re/insurance and finally, legacy solutions for closure of captive entities.
Citadel Risk, Cedar Management, Citadel Management Bermuda, Insurance, Reinsurance, North America, Bermuda