When considering insurance related collateral trusts (for Reinsurance, ILS, Captive, Corporate Deductible and Surety programs), the Wilmington Trust Insurance Collateral Solutions team stands ready to perform.
Wilmington Trust. N.A.
166 Mercer Street
New York 10012
Telephone: +1 212 941 4420
When considering insurance related collateral trusts (for Reinsurance, ILS, Captive, Corporate Deductible and Surety programs), the Wilmington Trust Insurance Collateral Solutions team stands ready to perform. Our team members have worked together exclusively on collateral trusts for over 15 years, and our streamlined account on-boarding process helps ensure timely trust set-ups. Our extensive collaboration with most collateralized reinsurers, cedents, ILS funds, transformers, and brokers is designed to ensure a smooth and expedited document review process. Our dedication to the propositions of Service, Responsiveness, and Value mean that we strive to be a premier collateral trust team.
The Wilmington Trust Captive Trust is used as an alternative to letters of credit used as collateral for fronted (or otherwise) captive insurance programs. It is considerably less expensive, far easier to establish, and requires no periodic “renewals.”
The Wilmington Trust Deductible Trust is used as an alternative to letters of credit used as collateral for large traditional corporate insurance programs having self-insured retentions. It is tremendously less expensive than an LOC, does not have renewal periods, and the assets in the trust remain assets of the corporation.
The Wilmington Trust Reinsurance & ILS Trusts are commonly used as the preferred collateral mechanism for our reinsurance and ILS clients. Our streamlined client on-boarding process, our dedicated trust Relationship Managers, and our industry expertise are unmatched in the industry.
Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). Investment management and fiduciary services are provided by Wilmington Trust Company, operating in Delaware only, and Wilmington Trust, N.A., a national bank. Loans, retail and business deposits, and other personal and business banking services and products are offered by M&T Bank, member FDIC.