Huntington Bank Expands Captive Insurance Banking Services
The Huntington National Bank has expanded its captive insurance banking capabilities, enhancing its ability to serve this specialized market. The move builds on the bank's existing reinsurance trust platform and decades of experience in supporting captive insurance clients. A dedicated team will now assist these clients with collateral management through solutions like letters of credit and reinsurance trusts while connecting them to broader Huntington services. The expansion is led by Jordan Mosher, who previously helped develop Huntington’s reinsurance trust vertical. The initiative aims to provide a more comprehensive model for captive insurance companies across various sizes and geographies. Andy Arduini, senior managing director at Huntington, emphasized the bank's long-term commitment to this sector and its focus on delivering tailored financial solutions. This development is part of Huntington Commercial Bank’s broader strategy to invest in specialized industry expertise and expand into new markets.
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Topics: banking services captive insurance reinsurance trust platform