Swiss giant runs off Irish captive
Food product manufacturer Tetra Laval is about to finalise its captive’s run-off.
The company gained the captive in an acquisition but it became redundant as the acquisition was integrated into existing insurance programmes
Tetra Laval currently retains the on-going liabilities in the Irish captive.
David Howells, director of group risk management and insurance at Tetra Laval, said: “Once discussions have completed I expect any remaining liabilities to transfer as part of the agreements.
“We are dealing with strongly rated insurers and have kept the regulator informed at each step of the process, so I have no concerns about how any on-going liabilities will be managed.”