Willis Launches Protected Cell Company Insurance Facility in Vermont
The new facility,
In Willis’s view, in certain circumstances a protected cell structure provides a more cost effective solution than a traditional stand-alone captive insurance company. The segregation provisions of PCC legislation provides clients with a secure underwriting account without pooling assets and liabilities. Through a PCC, clients can realize the benefits of captive ownership with potentially lower capital commitments, reduced operating costs, and less management time commitment.
Encore will be managed by
David Guerino, Managing Director.
Paul Owens, CEO, Willis Global Captive Practice, commented, “Encore is a welcome compliment to Willis’s offering of PCC facilities and similar structures that we operate in