The purchase of insurance by an insured directly from an insurer or through a licensed Special Broker, rather than accessing coverage through a local Canadian or USA broker is a complicated and highly regulated business. This procedure is commonly used by large commercial buyers of insurance that reside in states or countries that permit insureds to purchase insurance from an unlicensed insurer. Occasionally the original insured may not have access to coverage in their domicile or may not have access at an affordable price. When there is no alternative or lack or a viable alternative these companies may wish to self-insure or have a limited participation in the risk through a segregated cell company or a captive insurer in the form of a reinsurance or retrocession agreement. These transactions require additional levels of compliance and SSIB can help navigate you through this compliance. We work with a number of international law firms to ensure our structures are complaint within their local jurisdictions as well as compliant with the laws of Bermuda.