Equinox Insurance Company (EIC) Ltd
Equinox Insurance Company Limited, (EIC) is a licensed Insurance Company on the Island of Nevis (Isles & federation of St Kitts & Nevis). It is regulated and approved by the Nevis Financial Services Regulation & Supervision Department, Office of the Registrar of International of Insurance, Financial Services Regulatory Commission, Nevis. NPRE’s Regulatory Registration License Number is No (C52253).
One of the attractions of Nevis is the Regulator which maintains a strong approach to KYC and AML whilst remaining business friendly. The approach to capital adequacy is a significant advantage due to it being not as intensive as the European Insurance Regulators. Equinox Insurance Company (EIC) Ltd can be managed based on a level of risk prudence and judgement of the risks written rather than penalised by over cautious capital allocation under the Solvency II model basis adopted in Europe. Nevis utilises the capital allocation basis favoured before the “Credit Crunch” of 2008. Therefore, sound business can prosper.
Why Nevis?
St. Kitts & Nevis, also known as Saint Christopher and Nevis, has been independent since 1983 and forms part of a group of islands known as the Lesser Antilles, located some 2,000km to the south of Miami. The Federation comprises two islands: Nevis with an area of 93.2km squared and St. Kitts with 168.4km squared. The official language is English. Moreover, the Federation is a member of the United National (UN), the Organisation of American States (OAS), the British Commonwealth and many other international organisations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts, and it maintains the stability of the Eastern Caribbean Dollar (EC$). This is the national Currency of most Eastern Caribbean countries and as the name suggests is closely tied to the US Dollar. St. Kitts & Nevis is a well-functioning democracy, based on the British Parliamentary System with the head of state being Queen Elizabeth II.
