This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Insurance Linked Securities


ILS is significantly changing the landscape for the reinsurance industry, while also offering a unique and desirable asset class for investors due to potential for risk adjusted returns which are largely uncorrelated to traditional markets.


Delivering More


With decades of reinsurance and asset management experience, we have a solid track record of expertise in the complex convergence point of reinsurance and capital markets in Bermuda and worldwide.

Deloitte Bermuda’s dedicated ILS Group combines the experience of our professionals with access to the resources of our global firm. The result is a world class team that provides customized solutions and services to the ILS marketplace.

Our team possesses in-depth knowledge of various ILS structures and strategies. Combined with our capabilities in a broad range of ILS risks in both property and casualty (P&C), non-life and life products, we are able to add and deliver value for our clients.

We have proven technical expertise to deal with a number of ILS services, from auditing ILS funds, special purpose entities and segregated account companies to acting as claims reviewer. We also provide loss reserve specialist opinions.

In collaboration with law firms, brokers and administrators, we provide a seamless service to clients in Bermuda.

 

Clients


Our local and global client base includes some of the largest ILS funds in Bermuda as well as local and international funds and reinsurance companies. We have also acted as loss reserve specialist and claims reviewer for a number of catastrophe bonds and performed readiness services for newly formed ILS companies.

 

Our ILS Focused service offerings include:
  • Audit services for ILS dedicated funds
  • Audit services for catastrophe bond SPIs
  • Agreed upon procedures engagements
  • Financial statement compilation
  • Modeling advisory services
  • Business advisory services
  • Accounting consolidation and de-consolidation assessments (e.g. ASC 810, IFRS10)
  • Internal audit
  • Loss reserve specialist opinions
  • Claims review
  • Tax consulting and compliance (FATCA, preparation of K1 and IRS filings, Passive Foreign Investment Company (PFIC) statements)

 

We provide audit and advisory services for the ILS market, including the following subsets:


Non-life ILS market:

  • Catastrophe bonds
  • Catastrophe derivatives 
  • Industry loss warranties
  • Collateralized reinsurance
  • Segregated account companies
  • Contingent capital contracts
  • Reinsurance sidecars
  • Catastrophe futures contracts
  • Non-natural catastrophe vehicles
  • ILS funds


Life ILS market:

  • Value in force securitizations
  • Extreme mortality bonds
  • Embedded value securitizations
  • Life settlement securitizations
  • Excess reserve financing
  • Bulk annuity buy outs
  • Longevity swaps/bonds

 

What are your needs?


Let’s have an informal conversation about the challenges you are encountering. We have considerable market intelligence and the right professionals we’d like to share with you. 

Contacts

Muhammad Khan
+1 441 299 1357

James  Dockeray
+1 441 299 1399

Liz Cunningham
+1 441 299 1323

Paul Bohus
+1 441 299 1500

Adam Laing
+1 441 299 1500

Jeffrey Bennett
+1 441 299 1310

Submit RFP