Corporate

  • EIC is based in Charlestown, Nevis which is located in the Federation of St Kitts & Nevis, East Caribbean
  • EIC was founded in Dec 2020
  • EIC has grown business from a premium income of circa USD 8m in 2022 to a premium income of approximately USD 25 m by the end of 2023
  • EIC was originally licensed to write Specialty Market as a Captive Insurer, in 2023 EIC will extend its licence to allow for the provision of International Insurance and ReInsurance Company
  • We survived COVID-19
2022

Financials preview (in USD) at 30 09 2022

  • Gross Premium written USD 7,75m
  • 5 years claims paid USD 0m
  • Assets USD 59,184 m
  • Solvency Capital Ratio 450,96%
  • Reporting Currency USD
2021

Financials (in USD)

  • Gross Premium written USD 0,0m
  • 5 years claim paid USD 0m
  • Assets USD 51,434m
  • Total Asset USD 51,434m
  • Reporting Currency USD

Goals, vision and purpose

  • The board of EIC ltd have established a long-term plan to attract additional Solvency Capital, which it believes will meet the requirements of a rating agency to international standards
  • EIC aims to submit an application for a Rating from a Rating Agency over the next 12 months
  • EIC is in the business of actively taking risk and has funds available to pay losses in addition to premium receipts
  • Annual surpluses and dividends are reinvested back into EIC and NOT distributed to its parent but to support the long-term strength of EIC
  • EIC’s parent company is fully supportive to the sustainability and success of EIC over the long-term
  • Our risk appetite is based around understanding risk taken and supporting “risk managed” business

• We are not materially exposed to natural catastrophe risk but we do purchase stop loss from international well known rated reinsurers where appropriate.

• We have the services of a panel of experts who support the business i.e., Actuaries, Lawyers, Surveyors and Loss Adjusters

Premium

  • The majority of our business has secured renewal rights. This means that growth is assured for coming years
  • EIC seeks to generate long-term and sustainable business relationships with customers and distributers
OUR CORE RISK CLASSES

Our range of insurance products

Our range of specialist insurance products are supported by technical expertise, risk management and market understanding, to deliver you a market-leading solution.