Advising And Supporting A New Global Insurance Group On Set-up, Licensing And Distribution
The Client’s Needs
The client was a start-up backed by private equity with big plans for growth through the acquisition of a network of brokers across Europe. Their plan involved the distribution of insurance products in the UK and Europe. They wanted to get to market fast and needed advice on licensing and distribution, with plans to create insurer and intermediary businesses
ICSR’s Solution
ICSR were engaged at short notice to provide support to the small start-up team on a variety of issues including:
- Licensing
- Governance and other regulatory issues
- Distribution model and arrangements
- Due diligence and outsourcing requirements
Resources Deployed
A director of ICSR was involved due to the urgent nature of the work.
Client Outcome
The client was able to commence trading within a month of ICSR’s engagement with all of its licensing advice and arrangements in place for the initial phase, their distribution model determined and the insurance capacity and reinsurance arrangements in place.
