The growth of risk retention amongst corporations has resulted in the need for additional services from global insurers. This has principally been in the area of fronting – a contractual relationship in which the insurer issues policies on their paper with the risk in turn, being ceded back to the insured. Such facilities enable a corporation to meet its local legal requirements, satisfy the demands of subsidiaries, and fulfil its global risk financing objectives.

In addition, many mid-sized corporations retain additional risk and, in so doing, look for ways to formalise this approach with vehicles such as rent-a-captives.

Rent-a-captives make available the benefits of a captive without the same long-term level of commitment, time or cost. They provide an ideal solution for mid-sized corporations seeking to retain risk as well as for large corporations that are looking to address an issue on one particular risk class. Overcoming the need to form a captive, corporations are able to ‘rent’ the capital and licence of the company to write mutually agreed upon risks. As an ACE owned company, the rent-a-captive provides additional flexibility, security and capital in comparison to other similar facilities.

We also provide financial solutions utilising a combination of captive and alternative structures combining risk financing and risk transfer.

We have a strong, owned network providing significant flexibility and speed of delivery in terms of premium fund movements, policy issuance and servicing. We have a transparent pricing approach to risk management services: we know what it costs to provide a corporation with the highest level of service and are positioned to provide it. We support this by providing service level agreements that put part of our fee at risk based on mutually agreed key performance indicators.

For further information and discussion of your needs, please contact Stuart Kilpatrick on tel: +44 (0)20 7173 7328.