At Comerica Bank, we understand the captive insurance industry. The ins and outs, the regulations, the customs of the world's captive insurance domiciles. We listen to you and learn your business and your needs. Then we put our knowledge and expertise to work for you.
With our full service capabilities and worldwide banking connections, Comerica Bank can assist companies wanting to establish or enhance a captive insurance or alternative risk management program with these services:
The strength and experience of the bank that issues your letters of credit is of high importance to the insurance regulators of your captive's domicile, as well as to your reinsurance companies. Comerica Bank has been helping businesses succeed for over 150 years and is one of the few U.S. banks with a dedicated captive insurance group. We can structure a credit facility to meet your letter of credit, short term working capital or longer term acquisition financing requirements.
Comerica is a premier provider of letter of credit services. Our continued financial strength and capital position offer customers the security and assurance of established market acceptance. Our expertise enables us to help you structure the letter of credit at competitive rates to meet your specific needs.
We can provide short term liquidity or foreign exchange lines of credit for captive insurance companies. Plus, we can develop substantial direct and syndicated committed lines of credit for insurance companies.
With over $100 billion under custody and/or management, Comerica is one of the leading banks in the nation in providing trust custody and investment services for offshore captives, these services are provided through our Cayman Island Branch.
A Regulation 114 trust is becoming an increasingly attractive alternative to letters of credit in supporting captive insurance programs. Comerica Bank has the experience and expertise required to establish these trusts and handle the specific portfolio management needs.
Comerica Bank's asset management preferred provider, Munder Capital Management, offers a wide selection of investment options. With their consistent long term investment performance record, Munder can provide the management you need for your captive or global insurance portfolio.
Comerica Securities, the broker/dealer subsidiary of Comerica Bank, is also a Registered Investment Advisor that can provide asset advisory services for your captive insurance portfolio.*
The transferring of funds between parent, captive and insurer will be handled quickly and smoothly to maximize investment opportunities. Comerica Bank's experienced international treasury management staff can customize the services to fulfill your specific cash management and reporting requirements.
As a member of SWIFT (the Society for Worldwide InterBank Financial Telecommunications) and with over 1,400 correspondent banks worldwide, we maintain a network that enables us to monitor each transaction and facilitate the flow of funds and information wherever you need them.
Comerica maintains relationships with many of the world's leading insurance, captive management, consulting, auditing and legal firms. In addition to Comerica, each of these will have important roles on your captive program team. To further assist you as you begin to establish your captive, we can provide contact information for these top professionals.
We also work with all major domiciles. For offshore captives we are particularly active in Bermuda, as well as Barbados and the Cayman Islands, which we serve through our Cayman Islands branch. For onshore captives we are active in most domiciles including:
*Securities are offered by Comerica Securities, Inc. which is a broker/dealer, a member FINRA/SIPC, and a subsidiary of Comerica Bank:
NOT FDIC Insured
No Bank Guarantee
May Lose Value
Comerica Securities, Inc. is a Registered Investment Advisor.
This should not be considered a solicitation for advisory services
or products in any other states. To obtain a copy of the investment advisor brochure, please contact Comerica Securities at
800-327-7058.
