Crusader International Management Ltd., in George Town, Grand Cayman, announced it has entered into an agreement to purchase the captive management book of BritCay Management, also on Grand Cayman. No terms were announced.
"We see this as an extremely good fit with our existing business," said Ian Kilpatrick, Crusader chairman.
The Cayman office has 22 employees. The Crusader International Group in total includes 35 employees, said Judy M. Schiefelbein, vice president of Crusader Captive Services LLC in Chicago.
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