(Re)insurance companies nowadays operate in an ever-evolving and challenging environment. Preparation of accounts under IFRS 17, changing consumer trends, climate related risks, the gig economy, AI, robotics and automation; are just some of these challenges. Keeping abreast of these evolutions is vital to a (re)insurance company’s success; early planning and preparedness are key.
Grant Thornton Bermuda's (re)insurance teams deliver practical and pragmatic solutions to (re)insurers and captives across a full range of disciplines from risk and regulatory, audit and actuarial to IT and tax. Clients benefit from the combined expertise of our teams of audit professionals, actuaries, tax specialists and advisory consultants on a variety of (re)insurance-related matters.
We understand the challenges facing (re)insurance companies & captives, and we take special care & pride in putting together the perfect team to address your specific needs. The Grant Thornton Insurance team includes a mix of industry experience, ex-regulators and experienced consultants.
Our team works with (re)insurance sector & captive clients, supporting them in meeting the challenges and developing the opportunities possible in this rapidly evolving environment. We pride ourselves on providing personal attention and tailored responses.
Grant Thornton’s whole firm approach offers (re)insurance & captive clients attempting to deal with these issues solutions which span the full range of disciplines from IT, through advisory, audit and actuarial, to tax. Whether it is the annual audit, tax, a project to prepare for the implementation of IFRS 17, a regulatory transaction, a regulatory risk mitigation programme or a lack of resources internally, clients benefit from the combined expertise of a cross-departmental Grant Thornton team.
Our team has significant industry and regulatory experience ensuring we are well placed to understand both the regulatory requirements and the practical implications of those requirements on (re)insurance & captive firms. Our expertise spans the full range of (re)insurance sectors and our global reach means we can bring international experience to bear on behalf of our Bermuda based clients to provide you with practical solutions for your needs.
Bermuda has long been recognised as the world’s industry leader for captives with the first captive insurer being established on the island in 1962.
Bermuda’s risk based regulatory model makes it an attractive domicile of choice for all captive types from single parent and group captives to special purpose financial captives.
As companies are turning more and more to captives as a solution to emerging issues within the insurance industry from ESG, to cyber and insurtech; Grant Thornton’s solution driven team of captive professionals are ready to advise and support you with a comprehensive range of captive services from audit & assurance to capital adequacy & efficiency assessments to ensure the optimisation and success of your captive.
