Securely maaged isurace solutios Protected Cell, Icorporated Cell ad Segregated Accout facilities
About us White Rock is a uique ad leadig group of isurace ad reisurace vehicles with operatios i a umber of key domiciles icludig Bermuda, Gibraltar, Guersey, Isle of Ma ad Malta.
Owed by Ao, the White Rock Group offers cliets a diverse suite of isurace solutios through utilisatio of Protected Cell, Icorporated Cell ad Segregated Accout facilities. Ao s leadership i this field is demostrated by our iovative approach to these structures ad our tightly cotrolled goverace framework which esures that our cliets iterests are well protected. White Rock was the first group to form a Protected Cell Compay, the first to form a Icorporated Cell Compay ad is costatly seekig to adapt its structures ad domicile ifrastructure to meet cliet eeds.
Retaied Cells White Rock offers Segregated Accout, Protected or Icorporated cell facilities where each isured s busiess is legally segregated from all other cells i the chose vehicle. These cells ca be used by cliets who wish to have a direct-writig, or reisurace facility without the eed to establish a separate compay. Typically, this solutio may suit small ad medium sized compaies where there are cost efficiecies compared to a stad-aloe captive, or larger orgaisatios that wat to reduce the maagemet time ad admiistratio associated with captive owership. Beefits A effective alterative to a stad-aloe captive, the beefits of which iclude: - Risk maagemet focus ad the ability to stabilise losses over time - Direct reisurace market access icludig potetially additioal capacity - Flexibility i programme desig Coverage may be available i the reisurace market that is ot available from direct isurers facilitatig partial risk trasfer optios Speed of set up ad exit Prove experiece i udertakig these trasactios Cell 6 Cell 5 Priciples of a PCC Cell 1 White Rock PCC Core Cell 4 Cell 2 Cell 3
Isurace Liked Securities (ILS) The White Rock Group provides capital market ivestors with flexible ad iovative trasformer facilities which ca be used to directly access the reisurace market. Utilisig trasformer vehicles, capital markets ivestors are provided the opportuity to participate i (re)isurace evet risk, with a primary focus o atural catastrophe perils, via a asset class that is largely ucorrelated to the global capital markets ad which is viewed to provide a attractive risk adjusted retur. I the absece of a clearly defied trigger evet, the iitial collateral ad ay associated proceeds will be realised by the ivestor. Capital markets ivestor Fudig White Rock trasformer facility* Access to (Re) Isurace market White Rock offers a tur-key solutio to ivestors lookig for ease of set up ad flexible owership optios, with miimal operatioal costs. The White Rock team has extesive experiece with establishig ew protected cells ad provides all maagemet services ad oversight to the vehicles. *PCC, ICC, SAC depedet o domicile
Frotig White Rock assists cliets who eed licesed isurace i the Europea Ecoomic Area (EEA) to access reisurace markets or captives. White Rock ca write all o-life classes of busiess, except for compulsory classes, withi the EEA uder Freedom of Services ad ca also issue o-admitted isurace cover i territories where it is permissible to do so. Whe a cell is domiciled withi the EEA, it ca provide cross-border services ito EEA States i accordace with the Europea Directive o Freedom of Services kow as passportig. All frotig cells operate with the support of 100% reisurace for all risks that they write ad as such, the cell retais o risk. Also, pure frotig solutios mea there is o eed for the isured to have ay owership or cotrol over the activities of the cell. Furthermore, as the solutio is a Protected Cell the credit risk to the isured is effectively the credit risk of the reisurer or reisurace pael. Beefits More cost effective tha usig a traditioal frotig optio No owership by cliet required Access to coverage that may be available i the reisurace market that is ot available from direct isurers Access to reisurace market ca reduce the overall cost of premiums Speed of set up Prove experiece i udertakig these trasactios Ability to tailor policy terms ad coditios Speed of paymet of reisurace premiums Favourable collateral terms
Why Malta? Malta s strategic positio i the heart of the Mediterraea has see it develop ito a thrivig 21st cetury fiacial services sector. It is the oly full EU member state with legislatio attued to PCCs ad ICCs which is regulated by the Malta Fiacial Services Authority. Isurace compaies ad other itermediaries licesed i Malta ca write busiess ito ay other EU or EEA member state due to the passportig regime arisig from EU membership. Maltese legislatio permits re-domiciliatio from all EU, EEA ad OECD coutries ad a umber of other states. Malta offers busiesses wishig to reduce their expeses a tax-efficiet eviromet ad lower operatioal costs to set up ad maage their isurace compaies. Malta also has i place over 65 Double Taxatio agreemets - icludig all the coutries i the EU, which facilitate access to ew markets.
About Ao Ao plc (NYSE:AON) is the leadig global provider of risk maagemet, isurace ad reisurace brokerage, ad huma resources solutios ad outsourcig services. Through its more tha 62,000 colleagues worldwide, Ao uites to empower results for cliets i over 120 coutries via iovative ad effective risk ad people solutios ad through idustry-leadig global resources ad techical expertise. Ao has bee amed repeatedly as the world s best broker, best isurace itermediary, reisurace itermediary, captives maager ad best employee beefits cosultig firm by multiple idustry sources. Visit ao.com for more iformatio about Ao. Cotacts - Malta Karl DeGiovai Deputy Geeral Maager t: +356 9992 4813 e: karl.degiovai@ao.com.mt Vicet Barrett Group Maagig Director t: +353 86 8188595 e: vicet.barrett@ao.ie thewhiterockgroup.com Ao UK Limited is authorised ad regulated by the Fiacial Coduct Authority. Registered Office: 8 Devoshire Square, Lodo, EC2M 4PL Registered i Lodo No.210725 VAT Registratio No.480 48 Copyright 2013 by Ao UK Limited. All rights reserved. FP 7938