CastlePoint Company Description
Through its operating subsidiaries, CastlePoint Holdings offers reinsurance and risk-sharing arrangements to small insurance companies that underwrite commercial and personal property/casualty lines. Primary subsidiary CastlePoint Reinsurance (CastlePoint Re), domiciled in Bermuda, offers traditional quota share reinsurance. The company also enters into risk-sharing agreements with small insurance companies; the agreements are reinsurance alternatives in which CastlePoint and its clients share premiums and losses. Most of its premium revenue comes from Tower Group, which sponsored the company's formation in 2005 and owns a minority interest; Tower Group agreed to acquire the rest of CastlePoint in 2008.
View the Comprehensive Company Description for CastlePoint
The Company Description provides a historical perspective of CastlePoint's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CastlePoint's evolution in the marketplace.
