REINSURANCE SERVICES

Emeritus brings an important new asset protection capability for complex, cross-border projects.  The use of reinsurance has been a favorite strategy to manage risks associated with difficult-to-fund projects for over 60 years.  The current marketplace for reinsurance is global and covers an enormous spectrum of asset classes and project objectives.  Emeritus, in association with JV Partner AGlobal CRS / HK has the ability to provide reinsurance coverage for virtually any size project where the premium costs will not interfere with or compromise the economic performance required for investor support.  Working with AGlobal CRS, under the direction of reinsurance expert veteran Mark Cooper, Emeritus provides a broad range of insurance coverage from a select listing of A+ rated global insurance carriers including: 

SWISS REINSURANCE COMPANY  

MUNICH RE

ZURICH INTERNATIONAL

LLOYDS OF LONDON

ALLIANZ

QBE INTERNATIONAL

ACE GROUP                                                                                                                                                                                                                                                                                                                                                                                                                                        

AN IMPORTANT PROTECTION NOW FOR INVESTORS

Reinsurance protection is now available to protect investor principal. Depending on the project structure and capabilities of the project participants, Emeritus can provide project developers with a comprehensive reinsurance platform that can include complete protection of investor capital investment.  

The following is a brief summary of the specific coverages that Emeritus can provide for cross-border projects: 

• Investment and Project Risk Mitigation Coverage

• Surety Bonds

• Business Interruption 

• Country Risk

• Commercial Crime

• Property & Casualty

• Officer and Directors

CAPTIVE INSURANCE SPVs

The ability to provide offshore security for strategic assets has never been easier or less complicated through the development of captive insurance business structures.  A captive insurance company is an offshore Special Purpose Vehicle (SPV) that works similarly to any other offshore business structure, with several important distinctions: Captive insurance companies established in key offshore jurisdictions acquire an immediate peer-to-peer relationship with top global P&C companies and reinsurance firms. This relationship enables the SPV to purchase essential project and portfolio insurance protection at substantial discounts. Further, by incorporating P&C insurance as well as reinsurance within the SPV structure, both project manager and investors can substantially mitigate risks associated with a specific business venture. Specifically, the captive insurance SPV structure can effectively manage a broad spectrum of business risks including operational, business execution and in-country political risks as well as securing investor capital. These are essential business goals when developing projects in emerging markets.

Investors seeking the security and protection for their projects or investment portfolios should seriously consider the important benefits of creating a captive insurance company which include:

• Protection of project assets from litigation and other third-party actions

• Protection of investor principal investment via reinsurance

• Protection of project assets from specific in-country and political risks typically present in emerging markets

• Potential tax-related benefits that are typically associated with the development of offshore SPVs

Note: Tax benefits for specific investors are complex and depend on a range of issues.  Please consult your tax advisor for more information related to your specific tax situation.

Contact Emeritus today to determine whether your project, portfolio or project investors would benefit from the creation of a captive insurance company.

GLOBAL PROJECT FINANCE

Investors today are eagerly pursuing opportunities to participate in the global marketplace, specifically through the funding of infrastructure, real estate, environmental and technology projects in emerging and developed markets.  Project finance has become the new platform for private equity investors, a market that has been largely vacated by the large institutional banks in the aftermath if the global economic recession.  Emeritus has developed a global network of project finance investors as well as a significant pipeline of projects throughout the developing world.  Our range and scope of projects covers the gamut of complex project development and expansion.

Currently, Emeritus is acting as lead or co-lead in the development of over $5.0B USD in project financings including infrastructure, manufacturing, natural resources, technology, CleanTech, and real estate.  Many of these projects are located in emerging markets and have an integral insurance-linked component including the use of an offshore captive insurance SPV.  Emeritus also has in-depth expertise in the development of  EB-5 projects, specifically focussing on Chinese investor groups that are seeking participation in US-based real estate ventures. 

Most importantly, the use of reinsurance for the protection of investor capital is now a reality for mid-size as well as larger scale projects. The presence of complex risks and challenges for the project managers can now be effectively mitigated by structuring specialized reinsurance and P&C insurance products to support project initiation and ongoing project management. Emeritus reinsurance expertise combined with a broad network of private equity investor groups, family offices and professional services firms located in virtually every global region provides an exceptional risk-managed structured finance platform for our project clients. 

Contact Emeritus today to learn more about how our current offering of projects can provide exceptional, secure returns for your portfolio.