Run off and warehousing
White Rock offers run off facility which is ideal for when an insurance company owner decides to exit the market. Through a White Rock cell, all the risk in a stand-alone vehicle such as a captive can be transferred to a cell. Through this solution, all insurance-related reserves can be removed from the captive’s balance sheet and the company can be closed down.
Benefits
- De-risk (re)insurance subsidiary
- Facilities close down insurance subsidiary
- Free up capital
- Reduce management time
- Maintain contact with reserves running off professionally
- Release subsidiary pledges and guarantees
Domiciles
White Rock’s fronting solution is available in the following domiciles: