Services & Case Studies
Feasibility Reports
Production of an in-depth report on the feasibly of any insurance structure which is suitable to present at Board level in order to provide the rational and justification for setting up such a structure.
Establishment Project Management
We provide the day to day oversight of the establishment of any structure, working with the inhouse team and any external parties to successfully set-up the structure on-time and within the budget.
Strategic Advice
We can provide specific advice on the various options open to clients that are considering a move into the insurance sector or those who wish to expand their underwriting opportunities.
Sourcing of Capacity
Understanding the underwriting needs of our clients allows us to match carrier appetite to their requirements.
Case Studies
Captive Feasibility Report for major Scandinavian Bank
Starting in October 2024, we lead the establishment of a new UK based MGA, which underwrites USA Property business. We liaised and project managed the set up with the UK based Principal, and acted as main POC during both the FCA’s and Lloyd’s Coverholder application process. Once Live, we acted as the Interim CEO until such time as the Founders were able to join, having served out their notice periods. Having successfully completed those tasks and with the team underwriting, we handed over full control to the principle Founders.
Establishment and interim management of UK MGA / Lloyd’s Coverholder
Working with our partners at RISCS, we led the feasibility report project for one of the largest Scandinavian banks, who sought advise on whether and where to establish a new captive structure for both their first and third party risks. This 4 month project culminated in a board level report sponsored by the Bank’s CRO. We considered numerous jurisdictions (both within the EU and internationally), the structure the captive could take and what would be the most suitable lines of insurances to place into their captive over the first years of its operation.
Guernsey based risk bearing cell for UK MGA
Having been recommended by a UK based actuarial firm, in late 2021 we began working with a specialist UK based MGA to advise them on what might be the most suitable structure to allow them to gain additional underwriting capacity at a time of increased rates and carrier withdrawal from their particular specialty lines. Having considering alternative capital (including ILS) it was agreed that they would fund (from their private equity backers) their own risk retention vehicle in Guernsey that would participate proportionally on all of their non-compulsory lines of insurance.
Direct insurance capacity for UK based Glolbal MGA
Supporting our partners at Corpus, we marketed and sourced over $60m of multi-lined reinsurance capacity (GWP basis) for the global operations of this mid-tier UK based MGA. We negotiated this deal on a 3 year basis and continue to support both the MGA and continue to source global fronting partners and additional capacity to support this growing business.