Charles Taylor PLC
Summary
Our Management Services business provides end-to-end management of insurance companies. We deliver a complete outsourced management service covering every aspect of the companies’ operations.
Company Details
As a leader of a financial mutual, we know the importance you place on providing an excellent service to your members in times of need, and the challenges that come with the territory – whether that’s rising costs, the ever increasing regulatory burden or the need to deliver growth. We know, because we have been helping mutuals to overcome these challenges for over 130 years.
We can help your mutual to meet its goals with a range of services designed and delivered by mutual managers, for mutual managers. Our experience of providing end-to end management services to mutual organisations allows you to access the support you need, in a flexible and cost-effective way. Services include:
- Mutual Management Services - Reducing cost and improving performance across key business functions
- Compliance & Internal Audit Services - Addressing the ever-growing regulatory burden, in a more effi cient way
- Technology delivery - Improving effi ciency and resilience, while unlocking new opportunities for growth
- Investment Management - Adding expertise as a specialist manager of mutual organisations’ assets
- Business Management - Offering a complete management solution to established mutuals
Our captive management services are delivered from Bermuda and also from Delaware, USA, the Isle of Man and Dublin.
Captive insurance companies allow their owners to:
- Retain underwriting profits and investment income
- Reduce reliance on the commercial insurance market
- Provide cover for otherwise uninsurable risks
- Structure risk retention across diversified groups
We provide a complete captive management service from initial feasibility studies to the establishment and management of captive insurance companies. We set up and manage traditional single-parent captives, group captives and also provide turnkey segregated cell companies offering ease of implementation and exit to our clients. We currently manage over 100 segregated cell and 40 single parent, group and agency programmes.
We provide end to end captive management services and or bespoke services which can be accessed by captives on stand-alone basis:
- Financial Management Services for Captives: Captive insurance companies can only provide benefits to their owners if they are managed in accordance with financial and regulatory reporting requirements
- Programme Management Services for Captives: We develop and implement individual insurance programmes to ensure that captives’ risk exposures are identified and mitigated effectively.
- Company Secretarial Services for Captives: We ensure the administration of captives, by providing company secretarial and board meeting administration services.
- Claims Management Services for Captives: Efficient and effective claims management is as essential for captive insurers as it is for the commercial insurance market.
- Catastrophe Insurance & Asset Protection Program: Reduce your catastrophe insurance costs and benefit from building US$ reserves in Bermuda
Location: London, London City, United Kingdom
Types of Insurance
Mutual Insurance Companies:
- Mutual Managers
Captives and Rent-a-Captives:
- Captive Managers
Self-Insured Workers Compensation (USA):
- Third Party Administrators
