The commercial (re)insurance landscape is complex and ever-changing.
How It Works
High risks and regulatory requirements demand constant vigilance and expertise. It’s challenging to stay up to date on fluctuating market conditions, manage diverse risk profiles, and ensure compliance in the face of evolving regulations. Such high risks and intensive regulatory requirements demand constant vigilance and extensive expertise.
At SRS, we empower businesses and stakeholders to control and leverage risk through commercial insurance and reinsurance ventures.
Our insurance capabilities cover the full range of commercial insurers, with an emphasis on alternative transfer:
• P&C classes 3 to 4 and Life classes C and D in Bermuda; classes B(iii), C, and D in the Cayman Islands • Mutual insurance companies • Special purpose vehicles • Protected cell facilities • Incorporated cell facilities • Segregated cell facilities for commercial carriers • Other commercially-licensed insurance entities
Get Access to a Full Suite of Insurance Management Services
Formation Services
From licensing to initiating underwriting operations, we provide comprehensive cell support. Streamline your journey with guidance on: establishing fit-for-purpose corporate policies and procedures, financial modeling and budgeting; and navigating initial and ongoing state licensing procedures and requirements.
You'll benefit from our professional team's turnkey administrative and accounting assistance in treasury, investments, management and external reporting - all customized according to your immediate needs and all scalable for future growth.
Ongoing Management
Once you establish an insurance business using SRS, you’ll benefit from the following ongoing services:
Financial Expertise: Flexible accounting support, financial statement preparation (US GAAP and IFRS), and audit assistance, along with actuarial support for loss reserve analysis and fair value estimates. (SRS is also proficient in Bermuda BSCR and AM Best’s BCAR capital adequacy reviews.)
Risk Management & Consulting: Comprehensive risk consultation with program design and capital optimization planning, combined with expansion consulting for product development, geographic growth, and business plan execution.
Banking & Treasury Solutions: Robust banking, cash management, and treasury services––including letters of credit and trust accounts––to ensure efficient financial operations.
Regulatory & Compliance Advisory: Dedicated guidance regarding ongoing regulatory and rating agency reporting with a focus on compliance, enterprise risk, and governance [including anti-money laundering (AML), countering the financing of terrorism (CFT), and code of conduct requirements].
Operational Management & Support: End-to-end operational underwriting management for property/casualty lines, encompassing policy processing, premium collection, and claims payment processing and administration. (Maintenance and reconciliation of underwriting and claims data are also provided.)
Corporate Infrastructure & Representation: Offering a "home base" of offices for C-suite and staff, complete with executive assistance and seconded employees. Plus, SRS will act as principal liaison with local regulators and serve as the primary contact for economic substance reporting.
Global Capability
Our insurance and reinsurance company services are available in multiple jurisdictions and domiciles. Whether in Barbados, Bermuda, the Cayman Islands, Europe, or the US, our global reach ensures you get the localized expertise and comprehensive support you need.
Experienced Professionals
Take advantage of our expert seasoned team, featuring industry leaders from the (re)insurance world. Our staff includes former CEOs and CFOs of prominent US and offshore commercial insurance and reinsurance companies, including Lloyd’s Europe insurers.
You'll also have access to top-tier accounting support and be connected to IT professionals with experience at major commercial insurers and reinsurers. Our key team members are ready to leverage their extensive expertise to meet your service needs.
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