Hard to insure or just ready to take control of your business insurance plan?
Flexible risk finance for the future
40%
Average
underwriting profit
25+
Years experience
1:10
Capital to underwriting
Not all things to all people
If it fits in our wheel house we can do it
We won’t waste your time or money if we can’t do it
Always deliver
Your risk equals your reward
No commission fees
What makes us different
About our company
Turks & Caicos Re is well established captive management company capable of helping clients establish their own captives, group captives, protected cell captives, or U.S. based risk retention groups. Turks & Caicos Re is a turnkey operation providing all necessary services for the client including reinsurance and fronting if needed.
Risk finance solutions
An effective risk finance program is essential for a business to succeed in today's market, and a captive is used to complete a company's risk finance process. An insurance captive is a sound strategy to mitigate financial risk, provide opportunities for growth, and a cost-effective way to establish firm control over a company's insurance needs.
1
Precision
Develop the program that meets the client's exact needs without frills or waste. Experienced managers work with the client to build a program to provide the precise coverages needed and a strategy for the future.
2
Simplicity
T&C Re provides a suite of professional core administration and management services that meet the client's business model. The core manages the business of running the insurance company and provides the majority of all governance and regulatory requirements.
3
Beneficial
A captive offers low setup and administrative costs, quick entry and exit, flexible capital allocation, and customizable program design. Over time, it can recapture profits typically paid to traditional insurers and generate returns from investments, premiums, and unrealized losses.
Advantages
The Turks & Caicos offer an offshore domicile regulated under United Kingdom insurance laws, providing clear benefits for both the core insurer and protected cells. T&C Re is a fully licensed and vetted insurance entity with a strong reputation for regulatory compliance with the Turks and Caicos Financial Services Commission.
Key advantages include a 1:10 capital-to-underwriting limit, compared to 1:2 in the U.S., allowing companies to secure higher insurance limits with significantly less capital. The offshore structure also offers greater flexibility in rates, policy forms, and filings, enabling customized solutions while maintaining a lower regulatory burden and reduced state-level interference.
Established infrastructure
The core company provides the management and administration of the insurance company functions for each captive, however each captive’s assets and liabilities are legally separated from the core and other captives. This provides a fully functioning insurance company without the costs associated with starting your own insurance company.
Insurance stabilization
Proper management of a well-designed insurance program, combined with effective risk reduction and mitigation strategies, allows a captive to control costs and improve loss predictability. This approach reduces exposure to market volatility while supporting stable, long-term insurance pricing.
Custom services
T&C Re has an established network of experts familiar with the client’s business to provide the rights services to fit their coverage needs. Services such as accounting, actuarial, capital investments, fronting, reinsurance, and variety of insurance management are readily available to support your captive and ensure success.
No shared risk or expenses
Each captive, risk retention group, or cell captive is a legally separated entity responsible for providing the necessary capital to meet their underwriting requirement and provide premium payments to fund the administration and management of their captive. The core and other captives do not share risk, liabilities or expenses.
Management
Every client’s needs are different, and the management of each captive should match the purpose and business function of the captive. T&C Re provides clients with ability to match their specific coverages to a management team that understands and has experience with insurance in their market. Here are some of the partners and the services they provide to ensure management fits the coverage.
1
Audit
All insurance companies are required to have regular audits. Audits provide insight into solovency and profitability of cells.
2
Captive management
An experienced captive management team oversees the administration and operation of the insurance company.
3
Investment
Capital investment plays a key role in captive success, supporting higher limits and profit potential.
4
Cyber assessment
A complete assessment of client’s exposure and cyber vulnerabilities. Works with client to establish a solid cyber loss prevention program.
5
Reinsurance
For exposure beyond capital limits, reinsurance is an option to insulate cell from catastrophic losses.
6
Actuarial
Actuarial services determine reasonable rates based on loss history over time.
Client solutions
Insurance captives provide sound strategy to mitigate financial risk, provide opportunities for growth, and establish firm control over your insurance needs.
Control
Greater control over one’s insurance and risk financing plan. Captives can issue insurance polices and access reinsurance markets just like commercial insurance companies. Captives avoid the challenges associated with insurance market cycles and require significantly less capitalization than traditional insurance.
Flexibility
Captives can provide niche insurance products where standard coverage is expensive or unavailable. Products are tailored to the exact business need and can further provide insurance solutions to partners, clients, and third-party suppliers.
Profitability
In addition to the premium savings that can be achieved, a captive can generate cash flow. Captives can be used to build up reserves and recoup operating profits that would normally be lost by using commercial insurers.