Where We Go Deep

Bermuda Segregated Accounts (SAC)

Flexible. Efficient. Distinctly Bermuda.

A Bermuda Segregated Accounts Company (SAC) provides a cost-effective way to establish a legally segregated insurance structure without forming a standalone insurance company. For many organisations, it offers an efficient entry point into Bermuda's internationally recognised insurance market.

Within an SAC, each cell has legally segregated assets and liabilities, allowing organisations to access many of the benefits of a standalone insurance vehicle while avoiding much of the associated cost, capital commitment and administrative complexity.

SACs are widely used for captives, risk-sharing arrangements, insurance programmes, investment structures and other specialised applications. Bermuda is recognised as the leading jurisdiction for these structures, supported by a mature regulatory framework and decades of market expertise.

Whether launching a new insurance initiative, testing a business model or expanding into Bermuda, an SAC can provide a flexible platform that grows alongside your objectives.

Credential — over 35 years of experience establishing and managing Bermuda Segregated Accounts Companies.

Captive Insurance & Risk Financing Structures

Practical solutions. Tailored structures.

Bermuda remains the world's leading captive insurance domicile, offering a range of structures designed to help organisations take greater control of their risk financing.

Depending on your objectives, that may mean a Segregated Accounts Company (SAC) cell, a Class 1 captive, a Class 2 captive or another tailored solution. The right answer depends on your risk profile, growth plans and long-term objectives.

Our focus is on helping clients identify the structure that fits their needs rather than forcing them into a predetermined model.

We have extensive experience supporting small and mid-sized structures, providing practical advice, direct access and hands-on management throughout the life of the programme.

Credential — more than 35 years of experience in captive formation, Segregated Accounts Company (SAC) management and Bermuda insurance management.

MGA & Underwriting Platforms

Helping specialist underwriting businesses scale.

Exceptional underwriting talent is often found in small teams, specialist boutiques and entrepreneurial underwriting businesses. Building the infrastructure around that talent is a different challenge.

A&O supports the establishment and ongoing management of Bermuda-based underwriting platforms, providing governance, operational support, regulatory coordination and administrative infrastructure.

We work with underwriting teams, capacity providers and insurance partners seeking to build sustainable specialty insurance businesses in Bermuda.

Credential — principal-led insurance management backed by more than 35 years of experience in Bermuda's insurance and reinsurance market.

Life Reinsurance

Helping international insurers access Bermuda.

Over the last decade, Bermuda has become one of the world's leading centres for life and annuity reinsurance. Global insurers, asset managers and private equity-backed groups continue to establish Bermuda operations to access a sophisticated regulatory framework, experienced service providers and a deep concentration of industry expertise.

For organisations exploring Bermuda for the first time, the challenge is rarely understanding the opportunity. The challenge is understanding how to navigate it.

A&O helps insurers, investors and sponsors establish a presence in Bermuda, engage with local stakeholders and navigate the practical realities of operating within the jurisdiction.

Whether establishing a new Class E reinsurer, exploring flow reinsurance opportunities, evaluating block transactions or assessing strategic alternatives, we provide local knowledge, regulatory familiarity and on-the-ground support throughout the process.

Credential — practical experience across Bermuda insurance management, regulatory compliance, governance and financial reporting within the reinsurance market.

Alternative Risk Transfer & Parametric Solutions

Exploring new approaches to risk transfer.

Bermuda has long been at the forefront of insurance innovation. From catastrophe bonds and insurance-linked securities to parametric insurance and other alternative risk transfer structures, the jurisdiction continues to play a leading role in the development of new risk solutions.

For organisations exploring non-traditional approaches to risk transfer, Bermuda offers a flexible regulatory framework, sophisticated service providers and deep industry expertise.

A&O supports clients seeking to establish Bermuda-based alternative risk transfer structures, providing practical guidance through the regulatory, governance and operational considerations of operating within this evolving market.

Credential — experience across ILS vehicles, catastrophe bonds, SAC structures and Bermuda's broader risk transfer ecosystem.

Bermuda Market Access

Local knowledge. Practical execution.

For many international businesses, the opportunity in Bermuda is clear. Navigating the jurisdiction is often less straightforward.

We help clients understand Bermuda's regulatory environment, connect with local service providers and stakeholders, and establish structures that align with their commercial objectives.

Whether the goal is a captive, SAC, MGA, reinsurer, SPI or another regulated vehicle, we provide practical support throughout the process.

Credential — more than 35 years of experience helping international organisations establish and manage Bermuda insurance and reinsurance structures.