CELL CAPTIVE SOLUTIONS
A cell captive – a ‘virtual insurance company’ – is owned and controlled jointly by the client(s) and the cell captive insurer. It is a contractual relationship formed by the insurer issuing a separate class of preference shares, coupled with an agreement.
The agreement
The agreement sets out the rights and obligations of the preference shareholder (the cell owner) and the insurer. It also governs the arrangements in respect of the insurance business transacted, counts, and access to information. This structure can be utilised by any corporate to underwrite its own risks, but is usually best suited to a group of companies, or a joint venture.
ALTERNATIVE DISTRIBUTION
Defined as a third party cell captive arrangement where insurance business is ancillary to the primary business activity of the cell owner.
UMA
The stand-out benefit of the Cell Captive solution is that it enables you to keep your independence while we not only equip you, but empower you….
RISK FINANCE
Whatever your organisation, volatile cash flow exposure (courtesy of severe claims and ever-increasing conventional market premiums)….
PARTNER PORTAL
LATEST INDUSTRY NEWS
Centriq and Axxis expand into engineering insurance with new UMA
Johannesburg, South Africa - 1 August 2025: Centriq Insurance Company Limited is proud to announce the launch of a new engineering underwriting manager to the South African insurance market. The new venture, Axxis Engineering Solutions, is a strategic collaboration...
The first party cell captive as a risk management technique
Click here to watch a snippet of the Interview. Alfons van der Vyver Executive Head: Risk Finance Solutions at Centriq Insurance Company Limited is talking about a very interesting concept of cell captives, but more particular about first party cell captives, which is...
An exciting time for UMAs
COVER: Centriq is very much a big player in the UMA market, focusing on specialist underwriters. Can you give us your observations on the UMA environment at the moment? Martin: When it comes to UMAs you can usually see the...