Bermuda overview
Universal Risk was launched in 1994, as part of Universal Holdings in Bermuda. The firm conducts its Bermuda operations, with its affiliated insurance/reinsurance company Capital Security Ltd, through R & Q Quest Management Service Limited (Quest). Quest has been operating in Bermuda since 1979 and is one of the leading independent captive and rent-a-captive services companies in Bermuda. Clients include major companies from the United States, Europe, and the Pacific Rim, as well as a number of groups and associations.
- Collateral Alternative Policy
- Uni-Med Program
- Contractor's Liability
- Workers' Compensation Large Deductible Policies
- Self insured programs
- Reinsurance Placements
Our Bermuda Companies
The clients of our Bermuda companies operate under the Segregated Account Act of 2000. In addition, the long standing relationships with many “A” rated admitted carriers provides further comfort.
Our Bermuda Companies-Insurance Company Limited
Our Bermuda companies act as insurer and reinsurer under the regulatory supervision of the Bermuda Monetary Authority. It is licensed to write Property & Casualty, Warranty, Medical Benefits, and Life Insurance. So, virtually any line of coverage is eligible for Our Bermuda companies participation.
Our Bermuda Companies facilitates the following Alternative Risk arrangements:
- Worldwide Placements
- Quota Share arrangement with major carriers
- Broking to Bermuda market
- Captive formation and management
- Self insured programs
- Reinsurance Placements
- Funding Arrangements
- Collateral Alternative
- Deductible Reimbursement Policies