Trisura supplies Canadian regulated paper for approved Canadian and foreign Captives wishing to issue warranty policies domestically in Canada.
Structure Highlights
- Fronting relationship for 100% reinsured programs.
- Trisura works with the administrator to ensure reserve adequacy is set aside to meet future warranty obligations.
- Risk is ceded to Reinsurers, while the expertise of a program rests with domestic administrators.
- This provides a lower cost solution than conventional liability insurance products.
Appetite
- Programs that generate a minimum of $100,000 fronting fee income annually.
- The captive meets capital retention requirements of at least $1,000,000.
- The administrator and captive have experience backed by Actuarial study of at least 1–2 business maturity cycles.
- The underlying warranty insurance must be of a nature consistent with Trisura’s business.