Cell within a Bermuda carrier for claims payments,
Universal Risk Intermediaries, Inc has a nationwide Professional-/General-Med Mal- Liability Insurance program for larger nursing home and skilled care clients. It is meant for those who wish to assume a significant part of the liability; thus,earning the underwriting profits and investment income otherwise earned by the standard carriers.
The risk assumed by our clients is through a Segregated Cell facility, of which they are the beneficiary, within our Bermuda insurance company. These funds are protected by an Act of Parliament, the Segregated Accounts Act of 2000. Similar to New York Trust 114.
This Segregated Cell method allows our clients to have a subsidiary insurance facility with the flexibility for use in a variety of financial ways.
Cell within a Bermuda carrier for claims payments, underwriting profits, and investment income
The risk assumed by our clients is through a Segregated Cell facility, of which they are the beneficiary, within our Bermuda insurance company. These funds are protected by an Act of Parliament, the Segregated Accounts Act of 2000. Similar to New York Trust 114.
This Segregated Cell method allows our clients to have a subsidiary insurance facility with the flexibility for use in a variety of financial ways.