GCP Short: Captives and US pension risk transfer
Description
This GCP Short, produced in partnership with Spring Consulting Group, is all about a groundbreaking transaction of pension risk to a US captive.
Captive Intelligence reported in July that the US Department
of Labor had tentatively authorised an ERISA exemption for the New York-based Memorial Sloan Kettering Cancer Centre (MSKCC), concerning a pension risk transfer to its Vermont-domiciled captive.
The client, MSKCC, worked closely with Spring Consulting on this transaction and application to the DoL, and so Richard caught up with Spring’s Karin Landry and Prabal Lakhanpal to discuss pension risk transfer to captives more broadly, how they work and whether we might see more activity in this area.
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United States
