Commercial Re/Insurance
We provide bespoke solutions to commercial re/insurance entities based on our clients’ specific needs. We manage a portfolio of 64 entities across the Life & Non-Life insurance sectors. Our Life portfolio of companies manage assets in excess of US$18.9 billion and our Non-Life portfolio generates gross written premiums of approximately US$513 million per annum.
Our Offering
» Formation & Licensing
- Comprehensive support to obtain an insurance licence from local regulators
- Relocating, merging, winding-up, de-risking and selling captives and smaller re/insurance companies
» Re/Insurance Solutions & Fronting
- Policy administration via our policy administration system
- Review of re/insurance policies
- Fronting solutions via White Rock (Aon owned PCC company with legal entities in Bermuda, District of Columbia, Gibraltar, Guernsey, Isle of Man, Malta & Vermont)
» Finance, Accounting & Treasury
- Preparation of management and regulatory financial statements
- Comprehensive treasury solutions – banking, Letters of Credit and trusts
- Acting as Principal Representative / key liaison with the local regulator and assist with all regulatory filings
- Liaise with external auditors
» Governance, Risk & Compliance
- Preparation of a comprehensive governance manual covering all Solvency II / equivalency requirements where relevant
- Comprehensive support with the Own Risk Solvency Assessment (ORSA) or equivalent policy, process & report
- Review of the compliance function including Code of Conduct requirements and anti-money laundering / anti-terrorism financing policies & procedures
» Actuarial Solutions
- Preparation of technical provisions and other reserves
- Capital modelling including the regulatory capital requirements
- Pricing support