Facilitating the Transfer
of Insurance Risk
Whether you are a sponsoring company looking to complement traditional reinsurance for certain layers of risk or an ILS Manager seeking non-correlating risk, Robus offers truly independent solutions.
Traditionally ILS have focused on natural catastrophe but, as models develop and investors are willing to evaluate more types of risk, cover for other risks is now possible; from off-shore energy to mortgage indemnity, more and more types of risk are becoming feasible. The market for life insurance securitisation is developing further also and Robus have the skills and knowledge to offer bespoke solutions.
Basic Structure of
Collateralised Reinsurance
The most common way to transform risk is achieved by establishing a Special Purpose Insurer which invests the proceeds from premium and collateral in low risk securities. The earnings on the securities and premium represent the return to investors if the insured event does not occur.
Facilities at a Glance
Protected Cell
A cell within a Robus sponsored Special Purpose Insurer provides low cost, efficient access between the insurance and capital markets.
Incorporated Cell
An incorporated cell in a Robus sponsored facility provides the optimal solution for life business or multi-fund arrangements.
Standalone Company
Your own Company, Protected Cell Company or Incorporated Cell Company in your chosen domicile to match your requirements.
How we help our clients
Robus can facilitate the entire process from Cell set up to a fast track regime for multiple transactions. Working independently with all the brokers and trustees we have extensive experience and expertise to manage your business without compromise.
From transformers to cat bonds to sidecars, we are able to provide fully integrated solutions to meet the needs of all stakeholders. Our technology and flexibility enable us to provide custom investor reporting. We have various platforms across jurisdictions including Guernsey.
How clients benefit
Utilising the Robus Group PCC and ICC vehicles, clients benefit from:
Cedants
High capital relief on fully collateralised reinsurance
Remove large single correlating events
Reduce reinsurer concentration risk
Reduce reliance on traditional reinsurance market
ILS Managers
Broker independent transformer, no conflicts
Proven track record in ILS management
Dedicated ILS team
Bespoke ‘limited recourse’ language
Adele Gale FCA, BSc (Hons)
Adele is a Fellow of the Institute of Chartered Accountants and leads the ILS and Longevity practices at Robus. With over 10 years insurance management experience, Adele was involved with setting up Guernsey's first rated catastrophe reinsurer, first cat bond listing and first securitisation of takaful insurance policies as well managing over a hundred special purpose insurers. Adele also serves as the Deputy Chairman of the Guernsey International Insurance Association (“GIIA”).
(Guernsey)
Key Contact
You can download our flyer on ILS services here, but we’d prefer to talk to you to understand your business and provide tailored advice.
ADELE GALE | Deputy Managing Director & Group Head of ILS
T +44 (0)1481 742559 E adele.gale@robusgroup.com
Articles
Featured
