Experience
Alternative risk transfer is the design, development, implementation, and use of non-traditional insurance structures to provide terms, conditions, capacity, loss funding, or an “insurance” policy to meet either the financial needs of the named insured or requirements of contracts.
Many of the more alternative” techniques rely on the use of the capital markets to provide temporary funding for insurance and reinsurance where needed. Often times the capital funds are “transformed” into a traditional insurance vehicle which allow an insurance policy to be issued often times through the use of a captive insurance vehicle or sidecar.
Alternative risk transfer structures that Tom has practical experience in the areas of design, development, modelling, implementation, education and training include:
- Dual trigger
- Multiple trigger
- Finite risk
- Special purpose vehicles
- Contingent capital
- Captive insurance
- Micro or 831(b) small captives
- Cell Captives
- Incorporated cell captives
- Serial captives