JLT Insurance Management (Bermuda) Ltd.
JLT Insurance Management Services include:
*Captive Management including business planning, regulation, compliance, financial accounting, management reporting, insurance
underwriting and claims administration
*Insurance and Reinsurance company management including provision of back-office functions, financial accounting, reporting,
underwriting and claims administration, IT services, office infrastructure and support as well as general support for executives and
professionals directly employed by the insurance or reinsurance company
*Determining the most appropriate captive insurance vehicle
*Incorporating new captive insurance companies
*Consultancy on feasibility studies, programme design, funding analysis, captive exit strategies, plus strategic reviews of existing captives
to improve their financial and operational efficiency
*Access to Segregated Account and Protected Cell companies for Rent-a-Captive Programmes, access to reinsurance, and specialized
transactions for which a wholly-owned subsidiary is either not appropriate or not economic
*Capital markets and reinsurance industry convergence vehicle management and structuring.
We can also help with technical issues in migrating companies from one domicile to another.
The most important element of our service is to work in partnership with our clients to ensure the benefits of owning an insurance subsidiary are truly maximised. Please contact any of our offices in Barbados, Bermuda, Guernsey, Malta, Singapore and the United States if you would like to find out more about JLT Insurance Management.
Insurer & Reinsurer |
Alternative Risk FinancingMore
Captive insurance companies are wholly owned legal entities that are formed and owned by organisations to underwrite all, or a selection of, the risks of that organisation and occasionally its affiliates, such as customer insurance programmes linked to the products and services they provide.
They can provide some compelling benefits and are especially worth considering if your business is currently spending more than USD 3 million or you are retaining high levels of risk through policy deductibles. Alternatively, companies spending lower amounts may want to consider the Rent-A-Captive or Cell Captive facilities we offer in Bermuda and Guernsey. A captive enjoys accounting and tax benefits, as well as allowing you to:
*Formalise your cover for uninsurable risks
*Reduce your dependence and expenditure on the insurance market
*Recapture the underwriting profits and investment income otherwise earned by commercial provider
*Gain access to wider insurance market for possible improved terms and wider coverage
JLT Insurance Management provides leading corporations with Captive Management services in Barbados, Bermuda, Guernsey, Malta, Singapore and the United States. With annual written premiums and assets of over USD 2.2 billion and USD 7 billion respectively, we’ve a proven track record in helping clients choose a fitting domicile for their Captive Insurance company by evaluating business goals and operational issues. In fact, over 20 of our current captives have transferred from other Captive Insurance managers. This is due to the active involvement of our highly experienced senior managers. Contact JLT for expert advice on a range of issues related to Captives, including:
*Full service captive management
*Forming a captive insurance company
*Maximising the return of your existing captive
*Evaluating the location of your captive
*Developing new and existing captive programmes
*Closing your captive down
Contact Email Address:
JRG Reinsurance Company Ltd.
Reinsurer | Traditional
Line of business