WHY WILKES?
Wilkes Insurance Ltd. SPC specialises in developing captive insurance programmes for law firms, litigation funders and businesses seeking greater control over the management and financing of risk.
Our approach combines tailored insurance structures, disciplined underwriting, segregated portfolio protection and access, where appropriate, to highly rated reinsurance capacity.
Rather than applying a standard insurance model, each programme is considered individually and structured around its underlying risks, anticipated claims profile, capital requirements and commercial objectives.
Specialist Expertise, International Relationships
Wilkes combines specialist captive insurance experience with established relationships across the international insurance and professional services markets.
Our structure enables us to work with experienced insurance managers, actuaries, auditors, legal advisers, underwriting specialists and other professional service providers as required by each programme.
These relationships allow us to develop insurance structures that combine commercial flexibility with appropriate governance, regulatory oversight and professional support.
Over Two Decades of ATE Market Leadership
The team behind Wilkes Insurance Ltd. SPC brings more than two decades of experience within the After the Event (ATE) insurance market, including extensive experience working with law firms, litigation funders and insurance providers.
That experience provides Wilkes with a detailed understanding of the risks, claims patterns and commercial considerations involved in legal expenses insurance.
Today, we apply that experience to developing carefully structured captive insurance programmes designed around the individual requirements and risk profile of each portfolio.
From Feasibility to a Working Insurance Programme
Establishing a successful captive programme requires more than simply creating an insurance structure.
Wilkes works with prospective clients from the initial feasibility stage through to the development and implementation of the insurance programme.
This can include analysis of projected case volumes, premium structures, expected success rates, claims frequency and severity, capital requirements, operating costs and potential reinsurance arrangements.
The objective is to determine whether a proposed programme is commercially viable and capable of developing into a sustainable insurance operation before business is written.
Segregated Portfolio Protection
A segregated portfolio enables an insurance programme to operate within Wilkes Insurance Ltd. SPC while maintaining statutory segregation of the assets and liabilities attributable to that portfolio from those attributable to other segregated portfolios, subject to Cayman Islands law.
This provides a flexible route for organisations seeking the benefits of a dedicated insurance programme without necessarily establishing an entirely separate insurance company.
Each programme can develop its own underwriting approach, financial model and risk management strategy within the wider Wilkes structure.
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