HomeList of latest newsWith the acquisition of SOGECORE, Risk & Reinsurance Solutions becomes the European leader in reinsurance captive management

With the acquisition of SOGECORE, Risk & Reinsurance Solutions becomes the European leader in reinsurance captive management

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Published on 12/7/20
Risk and Reinsurance Solutions (2RS), a subsidiary of the SIACI SAINT HONORE group and a leading provider of consulting and brokerage services in corporate property and personal insurance, is strengthening its insurance and reinsurance captive management services with SOGECORE, a subsidiary of the Burrus Brokerage group, to become the undisputed leader in this field in Continental Europe.
2RS SA, a Luxembourg-based insurance and reinsurance captive administration company,has announced the signing of an agreement for the purchase of the Luxembourg client portfolio of insurance and reinsurance captives from SOGECORE SA and SOGECORE France SARL. SOGECORE, a subsidiary of the Burrus Group, has also made a commitment to invest the full amount of this transaction in 2RS capital, in order to become a 10% shareholder.

As a result, the new entity becomes the captive management leader in Continental Europe,providing companies with solutions for the financing and management of risks likely to affect their assets.

With this operation, 2RS also becomes the first and only independent captive manager present in France with a differentiating and customized service offering, designed particularly for French companies.

“The SOGECORE teams are delighted to join the SIACI SAINT HONORE Group through its subsidiary 2RS. We will be able to combine our strengths to offer ever more innovative solutions in this specialist market”, explained Christian Burrus.

“SOGECORE's expertise and know-how will strengthen the insurance and reinsurance captive business within our subsidiary. 2RS, with its unique business model, becomes the only alternative to the British and American captive managers operating in Europe. This partnership with an entity of the Burrus Group is the result of full cooperation between our two groups and I am confident in our shared ability to create value for our shareholders and employees", said Pierre Donnersberg, Chairman of the SIACI SAINT HONORE Group.
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