Product Highlights

Paget Re and Pembroke Re are licensed to write all lines of insurance. The relationship between Paget Re or Pembroke Re and clients is governed by one agreement, which sets out the services provided and describes how significant issues are handled including funding, distribution of profits and investments. There is a requirement that the risk gap, defined as the difference between ceded premium and the maximum projected loss must be fully collateralised. The clients participating in these programmes tend to have certain factors in common, such as:

·         Programmes with good loss experience

·         Programmes with predictable losses

·         Financially secure owners

·         Long-term commitment to risk management

Key Selling Points

By using a wholly-owned rent a captive company customers can benefit from:

·         Greater control over their insurance programmes including a reduction in the overall risk costs and the ability to insure otherwise uninsured risks

·         Access to the reinsurance market

·         Participation in underwriting results

·         No requirement for the insured to bear administrative, capital and governance costs and responsibilities.