WSG has been assisted by Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, in introducing a comprehensive lineup of regulated protection products through our new captive, WSG Guardian Insurance Ltd.
WSG Guardian Insurance Ltd, based in Guernsey, will debut a selection of insurance-backed products including Mechanical Breakdown Insurance. This means that WSG is now able to offer regulated and unregulated products to the whole market – including dealer groups, manufacturers, importers and corporate entities where a regulated contract is required.
WSG Guardian Insurance is 100% owned by WSG but run independently by a board of Directors based in Guernsey, each with a wealth of experience in the insurance industry.
Products are being sold by Warranty Professionals Ltd, the regulated subsidiary brand of WSG. They will be available to dealers who are either directly registered with the FCA, or are Appointed Representatives of an authorised principal company.
Our CEO John Colinswood commented:
“This marks a significant step forward for our business. With WSG’s extensive expertise and exceptional growth, we’ve recognised the strong demand among both dealers and customers for fair-value insurance products that meet consumer protection expectations.
The launch of our own insurance captive is a strategic move to futureproof our business, deepen our market presence, and pave the way for expansion into new markets.
It also enables us to maintain competitive pricing for our regulated products, ensuring we stay ahead in the industry. Our goal is to position ourselves as a competitive force in the market, standing out among existing players.”
Peter Child, CEO of SRS Europe added:
“Our long-term relationship model is built on a steadfast commitment to client success. Leveraging our extensive experience in the global captive insurance industry, we empower our clients to manage risk effectively and maximise cost-saving opportunities.
Warranty Solutions Group will unlock significant opportunities with the launch of WSG Guardian Insurance, positioning it as the premier provider of regulated products in the motor industry.”
With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. It has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
