Via Christi allowed to fund life insurance risks through captive
Via Christi Health, a Kansas-based health care system, has been allowed by the Labor Department to fund life insurance risks through the US Virgin Islands branch of its Cayman Islands captive insurance company.
Under the arrangement, the policies will be written by Minnesota Life Insurance. Via Christi will reinsure the risk through the Virgin Islands branch, which was established in September to reinsure Via Christi employee benefit risks.
Via Christi fully or partially owns or manages 12 hospitals in Kansas.
