Acordia Revises Its Captive's Name
NU Online News Service, Oct. 4, 9:22 a.m. EST?Acordia Inc. said it has renamed its captive service and will work with a captive administrator for its Bermuda-domiciled accounts.
The Chicago-based insurance broker said it has changed the name of Acordia International, Ltd. to Acordia Management Services, Ltd. The name change was made to better reflect the services offered for captives domiciled in Bermuda, including rent-a-captive facilities, the firm said.
Acordia said it would also join forces with BF&M Management, Ltd., a captive management company in Bermuda.
Acordia is a subsidiary of Wells Fargo Co., based in San Francisco.
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