RISK ADVISORY:
Tigermar assists a client to establish a new offshore Captive Insurance Company.
Tigermar played a pivotal role in helping its client evaluate the feasibility of establishing an offshore captive insurance company. We assisted in a tender for captive management services and then co-ordinated work with the appointed local firm to conduct relevant and necessary reports, analysis, and assessments, all based on our experience and excellent understanding of our client’s business, culture. mission and values.
We guided our client through the regulatory licensing process, including drafting and refining the business plan to meet statutory requirements. We also prepared and delivered detailed presentations to the client’s Board of Directors, addressing risk management benefits, capital requirements, and long-term financial projections. Our support ensured informed decision-making survived robust challenge and ultimately secured Board approval for the capital investment and successful formation of the new captive subsidiary.
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