TradeWinds
TradeWinds

Tradewinds Insurance Management Group Ltd.

Tradewinds Insurance Management Group Ltd. is an on-island Insurance Manager licensed in the British venues Turks and Caicos Islands and Anguilla. Tradewinds services our clients to meet on-island regulations for captives and limited purpose companies. Any Captive Insurance Company domiciled in these venues must have an on-island Manager according to the Insurance Ordinance. A Captive Manager must be in good standing and manage those insurance or re-insurance entities that are of sound reputation.

In order to be more accessible to our clients and accomplish all work required, Tradewinds partners with Venture Captive Management as our domestic Captive Manager. One of the main reasons for us to have a domestic partner is to have better access to US regulators, attorneys, auditors and insurance professionals in the islands. It also enables us to stay compliant at all times with the US rules and regulations.

The main responsibilities of the Captive Manager are to furnish to the Regulators in the venue the following information on an annual basis:
  • A list of all licensed insurers for which the Manager has acted during that year, indicating any additions or deletions
  • A report by an independent auditor that the statutory books and records of the insurers have been kept properly, accurately, up to date and in accordance with applicable law
  • A certificate by the insurance manager or principal insurance representative that those insurers have to the best of his knowledge and belief complied with the requirements of the Ordinance and with any regulations made there under and with any terms or conditions attached to their licenses by virtue of the powers granted under this Ordinance
  • A certificate signed by the insurance manager or principal insurance representative that to the best of his knowledge and belief those insurers continue to be of sound reputation and probity