INSURANCE GOVERNANCE

AURUM INSURANCE GOVERNANCE

AURUM’s partners will personally act as independent directors and independent advisors to the Cayman Islands (re)insurance industry. Our team is highly experienced and well positioned to provide independent oversight of the (re)insurance entity’s governance framework, compliance structure and operations in relation to the CIMA approved business plan.

We have experience with Class B(i), Class B(iii), and Class D long-term and general (re)insurance entities, navigating complex compliance and regulatory environments, insurance management, and the Cayman Islands regulatory requirements. Regardless of your needs, the AURUM team is well positioned to offer guidance.

Our goal is to use our extensive insurance management and commercial experience to ensure your board runs efficiently and effectively while providing your investors and counterparties with the independent oversight they demand.

AURUM INSURANCE GOVERNANCE

AURUM’s partners will personally act as independent directors and independent advisors to the Cayman Islands (re)insurance industry. Our team is highly experienced and well positioned to provide independent oversight of the (re)insurance entity’s governance framework, compliance structure and operations in relation to the CIMA approved business plan.

We have experience with Class B(i), Class B(iii), and Class D long-term and general (re)insurance entities, navigating complex compliance and regulatory environments, insurance management, and the Cayman Islands regulatory requirements. Regardless of your needs, the AURUM team is well positioned to offer guidance.

Our goal is to use our extensive insurance management and commercial experience to ensure your board runs efficiently and effectively while providing your investors and counterparties with the independent oversight they demand.

Portrait Of Female Executive Attending Office Meeting With Colleagues

aurum difference

We limit the number of relationships to ensure we are readily available to assist our clients

We work with our managers to provide value between board meetings

We are a resource for our managers and actively pursue dialogue throughout the year

We aim to be part of the solution rather than simply approve the decision at the next board meeting

AURUM GOVERNANCE SERVICES TO CAYMAN (RE)INSURANCE ENTITIES

  • Hold office as Independent Director to Cayman Limited and  Segregated Portfolio Companies
  • Use all reasonable endeavors to protect the interests of the company(s)
  • Regularly monitor and supervise functions outsourced to third parties (Insurance Management, Investment management, etc.)
  • Participate in periodic board meetings 
  • Review of transactions, contracts and other activities as required
  • Assist with compliance with all other legal and regulatory requirements