SRS provides an independent solution for the management of insurance and reinsurance ventures. We have been managing insurance entities for over 25 years with an emphasis on the alternative market. Our clients include commercial insurers, class 3 and 4 reinsurers in Bermuda, mutual insurance companies, cell facilities of commercial carriers and other commercially licensed insurance entities. Collectively our managed insurance entity clients write close to $7 billion in annual premiums.
Our insurance management and consulting services can bring a prospective insurance or reinsurance business to reality with licensing and supporting the commencement of underwriting. Our formation services include assistance in drafting corporate policies, assistance with financial modeling, filing of licensing applications and the selection of service providers.
In the initial stage of operations, SRS can provide a service team of professional staff to provide turnkey administration and accounting support. These services are tailored to the immediate needs of our clients and structured to allow a seamless transition to in-house systems as clients scale.
On-going services provide to our insurance and reinsurance company clients include:
- Flexible accounting support including Treasury management and financial statement preparation.
- Advice and support for on-going regulatory and ratings agency reporting.
- Serving as the Principal Representative with the local regulator and the primary contact for Economic Substance reporting.
- Regulatory filings including NCCI workers compensation reporting and Patient Compensation fund filings.
- Expansion consulting including product development, geographic expansion advice and business plan development and implementation.
Our insurance and reinsurance company services are available in all jurisdictions and domiciles including the US, Bermuda, Cayman, Barbados and Europe.
Our staff include professionals who have worked throughout the insurance industry including CEOs and CFOs of US and offshore commercial insurance and reinsurance companies, including Lloyds and European insurers, as well as accounting support and IT staff from major commercial insurers and reinsurers.
I used SRS’s consulting services before we were an SRS client. The folks are smart, quick, strategic in thinking. The displays were professional and well- explained.