-
Captive insurance

Captive insurance

With our global presence and local on-the-ground knowledge, we provide banking, credit, trust and investment solutions to the captive insurance industry.

Benefits of working with us

Relationship management

As a captive insurance client your dedicated relationship manager will work with you to understand your needs, offer guidance and make introductions to expert colleagues from the Barclays Group.

A wide range of products

Our product offering for captive insurance clients includes tailored and flexible banking, credit facilities and trust and investment solutions to meet your bespoke business requirements.

Choice of jurisdiction

Based in the Isle of Man, Guernsey and London, we work across the major captive insurance jurisdictions, including Bermuda, Cayman Islands, Dublin and onshore US states.

Dedicated expertise

Our relationship managers in the captive insurance team are experts in serving the captive insurance industry, making us the provider of choice for many leading corporations.

The products we offer

  • Letters of credit


    We turn the often expensive and time-consuming task of writing letters of credit (LOCs) into simple and cost-effective offerings by providing:

    • An experienced team - who’ve been writing LOCs for more than ten years
    • LOCs in all major currencies
    • Market-leading electronic platforms
    • Creation and delivery to meet your deadlines
    • Full collateral to cover the liability
    • Compliance with National Association of Insurance Commissioners in the US.
  • Investment management


    We offer a range of investment management services which include comprehensive investment products and asset allocation strategies to meet the individual needs of each captive insurance company. We provide discretionary management to the advice and support required, and our online portal enables you to view your portfolio and access a range a reporting tools.

  • Security trust agreements


    Working closely with independent trustees, we provide insurance trust agreements, which are a popular alternative to LOCs. Their key benefits include:

    • Quality and delivery
    • Security
    • Flexible collateral.
  • Security interest agreements


    By depositing cash or assets into a Barclays account our captive insurance clients provide a guarantee to their insurers that they’ll meet their obligations. We provide collateral control and banking/investment managers to provide additional peace of mind. Notice of security interest and acknowledgement can be pre agreed where required.

  • Bank accounts


    We offer bank accounts in a range of currencies and will let you know exactly what we need from you at the start of the process to avoid unnecessary delays in opening your account. Our due diligence experts will work with you to complete the necessary paperwork as quickly as we can so your new account is ready when you need it.

  • Online business banking in a range of currencies


    Barclays Online Banking gives you direct access to your account 24 hours a day, seven days a week, with business functions including; download and export of information, access and authority control and transaction progress tracking.

    The service can be customised to your business giving you the freedom and flexibility you need to manage your business finances online, wherever you are.

  • Payments and cash management


    Our cash management tools support fast efficient payments and transfers. For large-scale users we can provide sophisticated tools using SWIFT MA-CUG to help with rapid processing of payments through the banking system and for easier reconciliation of investor receipts.

    We can also provide the services of a trained cash manager, who can help identify solutions to assist you with business liquidity and yield enhancement.

By depositing cash or assets into a Barclays account our captive insurance clients provide a guarantee to their insurers that they’ll meet their obligations. We provide collateral control and banking/investment managers to provide additional peace of mind. Notice of security interest and acknowledgement can be pre-agreed where required.

For more information, see our product pages.

Economic themes for captive insurers 2018

Leading up to the 2018 Bermuda captive conference our captive insurance team discussed key economic themes and how these are affecting captive insurers and their investment decisions.

Please note

Not all products and services described or offered by our captive insurance team are provided by Barclays Bank PLC. Some may be provided by associated companies in the Barclays Group.

We do not offer captive insurance services in Jersey.

How we can help

How we can help

Our experts are here to support the specific needs of captive insurers.