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Reinsurance Services |
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| AMSI through reinsurance brokers in the US, Bermuda and London markets arrange facultative coverage for its captive clientele. Programs are available on mono-line and cross lines bases for annual or multi-year protection and on any one event or aggregate contracts. In collaboration with the intermediary we prepare the proposal including the loss data, review the security of the proposed carriers and negotiate the terms of the reinsurance agreement and binder. We work on a commission sharing agreement with the placing reinsurance intermediary. Additionally, AMSI facilitates the acquisition of unrelated business for both property & casualty and long term (life) business for the purpose of meeting the 30%+ unrelated (non-parental) risks test to qualify as an insurance company. Participating interests are from $50,000 to $3M of premiums translating to $100,000 to $10M reserves. These blocks of business come from highly rated US life and P&C insurers through retrocession agreements. The cost of accessing the facility is just 4% (slightly higher for blocks below $1M) of ceded reserves as an annual fee. Additionally the participating company is required to take a bond with a face value of 4% of reserves ceded. This bond is redeemable upon withdrawal from the program. The bond pays annual interest at 3.5%. We facilitate the acquisition of unrelated business through a line slip facility. We are paid by the line slip administrators. AMS Insurance Management Services Limited
Sea Meadow House, Road Town, Tortola, British Virgin Islands Tel: (284) 494-4078 - Fax: (284) 494-2519 E-mail our Insurance Deparment
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