• 441.293.5970

  • Capital Investment Company (Bermuda) Ltd.
  • Bermuda
  • Barbados

PRODUCTS & SERVICES

CIC offers products and services in three areas:

1. Alternative market program development and management
2. Corporate restructuring
3. Solvent Captive or program run-off

1) Alternative Market Program Development and Management

  1. Insurance or reinsurance program development from historical premium-and-loss information;
  2. Actuarial report work-up, data preparation/management, actuarial report review, results implementation;
  3. Business plan projections and reinsurance placement submission preparation and placement in the reinsurance markets;
  4. Captive or rent-a-captive company business plan preparation, submission and incorporation in Bermuda and Barbados;
  5. Fronting/issuing contact negotiation, review and completion;
  6. Reinsurance placement on a traditional excess of loss/aggregate or finite basis;
  7. Management of reinsurance premium payments and claim recoveries;
  8. Review of reinsurance placement slip and final treaty;
  9. Day-to-day insurance management of captives or rent-a-captives, treaty reporting, accounts preparation, spreadsheet underwriting analyses preparation/review;
  10. Cash management/funds investment - electronic banking;
  11. Management accounts review/issuance;
  12. External audit scheduling and completion;
  13. Bermuda and Barbados statutory reporting.

2) Corporate Restructuring

  1. Novation of insurance reinsurance business between onshore and offshore companies for the purpose of restructuring or closure;
  2. Analysis, preparation of submission and negotiation with issuing carriers and offshore companies for commutation or recession of reinsurance programs with multiple issuing carriers;
  3. Forensic accounting.

3) Solvent Captive or Program Run-off

In conjunction with its sister company, CRC, CIC can complete arrangements for the novation of business from captive, rent-a-captive, Segregated Account Company or other alternative market vehicles, to allow for an orderly run-off of the insurance/reinsurance business, thereby permitting immediate closure of the alternative market vehicle saving, what can be, considerable run-off costs.

 

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