Hanover Stone Partners forms governance captive practice
The risk management services firm has formed a practice to provide governance and related advisory services for captives and their parent companies.
Hanover CaptiveGuard will draw on Hanover Stone Partners’ network of 36 senior risk advisors and 25 specialty partner firms to assist captives and their parent organisations.
John Kelly, founder and managing partner of Hanover Stone Partners, said: “As organisations around the world look to expand the utilisation of their captives -- including writing third-party business, funding employee benefit programs and through intra-company investment activities -- their captive operations have become increasingly complex and their risk profiles have evolved.
“As a result, they require more robust oversight and governance, as well as continual objective and independent operational review.”