We are overwhelmed by the honors that we received. Winning one award validates our efforts to be the best we can be. Winning two is a further indication that we are doing the right things for our clients.
WILMINGTON, Del. (PRWEB) August 14, 2018
Wilmington Trust, N.A. was recognized with two awards for their service to the captive insurance industry at the US Captive Review Awards ceremony on Aug. 6. Wilmington Trust’s Insurance Collateral Solutions team accepted the top awards for “Collateral Service Provider” and “Insurance Linked Securities Support Services” during the Vermont Captive Service Association’s annual conference in Burlington, Vt.
This the third consecutive win for Wilmington Trust in the Collateral Service Provider category by US Captive Review, which organizes the competition. The award is given to a collateral service provider (letter of credit bank or trustee bank) that exemplifies service, responsiveness, and value in the captive industry across all U.S. domiciles.
The award in the Insurance Linked Securities (ILS) service category is given to the company that has shown outstanding service to the ILS industry, specifically captive insurance companies in the ILS space, including transformers, reinsurers, banks, and law firms.
“We are overwhelmed by the honors that we received,” said Robert Quinn, business development leader for the Wilmington Trust Insurance Collateral Solutions. “Winning one award validates our efforts to be the best we can be. Winning two is a further indication that we are doing the right things for our clients.”
This is the seventh year the US Captive Review Awards have been held, which recognizes the top providers of captive insurance services and products. A panel of judges reviews and selects service providers that outperformed their competitors and demonstrated the highest levels of excellence over the past year.
“We are very proud of our Insurance Collateral Solutions team,” said Jack Beeson, head of Wilmington Trust’s Global Capital Markets division. “As with all of our businesses, we’ve invested in the right people who can deliver the quality of service our clients deserve. We strive to hire the best and then give them the support they need to create the best service offering possible.”
The Insurance Collateral Solutions team offers collateral trustee services to multiple industries, including captive, corporate deductible, reinsurance, insurance linked securities (CAT bond and ILW), and surety.
ABOUT WILMINGTON TRUST
Wilmington Trust, N.A. provides Corporate and Institution Services including institutional trustee, agency, asset management, retirement plan services, and administrative services for clients worldwide who use capital markets financing structures. The corporate and institutional division is distinguished from many competitors by its status as a core business of Wilmington Trust, as well as the experience and expertise of its global staff and its multi-jurisdictional presence.
Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.
Wilmington Trust has clients in all 50 states and in more than 90 countries, with offices throughout the United States and internationally in London, Dublin, and Frankfurt. For more information, visit http://www.WilmingtonTrust.com.
MEDIA CONTACT: Kent Wissinger, Wilmington Trust PR Manager (302)651-8758
Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank and certain other affiliates, provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management and other services. International corporate and institutional services are offered through Wilmington Trust Corporation's international affiliates. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC.