Acumen is an independent acquirer of companies in run-off and an insurance manager able to provide insurance management solutions in Bermuda.
Acumen acquires insurance and reinsurance companies or portfolios in run-off. An outright acquisition by Acumen provides a clean exit for previous owners from existing and future insurance liabilities and a release of their capital. We are also committed to maintaining a good reputation of entities we acquire.
Acumen can provide the following boutique, client focused services
to Insurance Companies (including Captives and Sidecars): Assistance and advice with incorporation and insurance registration process
- Co-ordination of tax, banking, auditing, actuarial and legal representation
- Preparation of financial statements in accordance with GAAP and tailored to meet individual client reporting requirements
- Complete Statutory Financial Returns
- Coordinate audit of GAAP financial statements and Statutory Return
- Liaison with auditors, actuaries, bankers and corporate administrators
- Assistance with setting up and monitoring security requirements – e.g. letters of credit or reinsurance trusts
- Coordinate annual shareholder meetings including the preparation and presentation of meeting booklets