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Sunset Capital Assets, Inc., is forming and licensing its first captive insurance company, Sunset Capital Assurance, SPC. The company is being formed through its subsidiary company, Alternative Risk Concepts, LLC (“ARC”). Sunset said that Sunset Capital Assurance will be a segregated portfolio company domiciled in the Cayman Islands for the purpose of developing other segregated portfolios or cell captives within the company.

The first captive cell to be licensed will provide workers’ compensation coverage to the staffing industry with premium estimates in excess of $20 million within the first three years. Other captive cells are in various stages of development and represent several different industries and lines of insurance coverage, according to Sunset.

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