East Isles Insurance

What East Isles Insurance does

East Isles Reinsurance, Ltd. (East Isles Re) is a Bermuda-domiciled segregated account captive insurance company founded in 2007 that underwrites and reinsures group captive programs for medical stop loss and broader employee benefit risk. The firm is an indirect wholly owned subsidiary of W. R. Berkley Corporation, a publicly traded U.S. specialty insurance holding company, and is headquartered at Cumberland House, Sixth Floor, 1 Victoria Street, Hamilton, Bermuda. East Isles Re is licensed by the Bermuda Monetary Authority as a class 3 insurer and registered under the Segregated Accounts Companies (SAC) Act 2000, giving it access to a regulated "gold standard" captive jurisdiction with 50-plus years of captive legislation.

The company's core offering is turnkey segregated account (protected cell) programs that allow participants to join a group captive without forming their own captive insurance entity. Each segregated account is legally walled off—own assets, own liabilities, isolated from other programs and the general account—with participant rights and obligations governed by a proprietary Segregated Account Program Agreement (SAPA). The company holds an SEC No Action Letter from the Division of Corporate Finance covering its structure, and each cell is treated as a U.S. corporation for federal income tax purposes under Internal Revenue Code Section 953(d), materially reducing friction for U.S. corporate plan sponsors. East Isles Re was the first segregated cell captive to receive Strategic Risk Solutions' Captivator Award (2017) for innovation in group captive medical stop loss structures.

East Isles Re monetizes primarily through recurring annual insurance premiums paid by participant companies, with pricing fully quote-based and customized to each company's claims experience, workforce size, and coverage requirements. Group risk pooling and retention of favorable claims experience plus investment returns on claim reserves are the principal value drivers for participants. Go-to-market is consultative and sales-led: inbound leads arrive via website forms and direct calls; Strategic Risk Solutions (SRS), the captive manager and a top-five global captive management firm, is the principal referral and onboarding channel. The company explicitly maintains no U.S. representatives or agents, distributing exclusively from Bermuda through SRS and direct inquiry.

Name

East Isles Insurance

Legal name

East Isles Reinsurance, Ltd.

Website

https://eastisles.com

Company type

Private

Founded year

2007

Operating status

Operating

Short description

East Isles Reinsurance, Ltd. (East Isles Re) is a Bermuda-based segregated account captive insurance company that provides turnkey group captive and medical stop loss reinsurance programs for small and midsize businesses, non-profits, and organizations seeking alternative risk financing for employee benefit plans.

Ownership category

akta.pro rank

Product category

Captive Insurance and Reinsurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Other Insurance Funds (525190)

SIC

Accident & Health Insurance (6321)

akta.pro primary industry

Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)

akta.pro secondary industries

Reinsurance Pool / Facility Treaty Participation (FSAOAEAL), Captive Insurance Advisory & Management (FSAEADAF)

Keywords

• Captive insurance programs
• Medical stop loss coverage
• Segregated account captives
• Employee benefit reinsurance
• Group captive insurance

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Captive Insurance Premiums: East Isles Re generates revenue through insurance premiums collected from participant companies in its segregated account group captive programs. Companies pay premiums to participate in the captive, which funds claims and operational costs. Additional revenue may come from policyholder distributions when claims are lower than expected.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

East Isles Reinsurance, Ltd. operates turnkey segregated account (protected cell) captive insurance programs under Bermuda's SAC Act 2000, with a specialized focus on medical stop loss group captives for employer health and employee benefit plans. Small and midsize businesses, non-profits, and organizations join existing group captives through proprietary SAPA agreements, gaining risk-sharing benefits and potential cost reductions without forming their own captive entity.

Product overview

East Isles Insurance (East Isles Reinsurance, Ltd.) is a segregated account captive insurance company offering a unified platform of captive insurance solutions. The core offering centers on East Isles Re, which provides turnkey segregated account programs and specialized health care/medical stop loss group captives. These programs allow small and midsize companies to participate in group captive insurance—historically a large-company strategy—without the capital investment and time required to form their own captive. The Segregated Account Program Agreement (SAPA) governs participation terms. Founded in 2007 and headquartered in Bermuda, East Isles Re is an indirect wholly owned subsidiary of W. R. Berkley Corporation and benefits from captive management services provided by Strategic Risk Solutions (SRS).

Differentiator

Problem solved

Functional benefit

Products and services

• East Isles Reinsurance, Ltd. (East Isles Re) A segregated account captive insurance company domiciled in Bermuda that provides turnkey cell programs enabling businesses, organizations, and non-profits to participate in group captive insurance for managing employee benefit risk.
• Health Care Captives / Medical Stop Loss Group Captives

Quantifiable outcome

• Reduce cost of employee health insurance through favorable claims experience retention
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Strategic Risk Solutions (SRS)coreStrategic or Co-development Partner · 1 January 2007SRS is the world's leading independent captive management firm and the captive manager for East Isles Re. SRS is owned by its senior management and 100% focused on the captive industry. SRS provides captive management services to East Isles Re clients, including onboarding, financial reporting, and client services throughout the captive lifecycle. SRS is among the top five largest captive managers according to Business Insurance (2017).

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• RGA Reinsurance Company: Major life and health reinsurer with material group benefits reinsurance and group disability business. Competes for cession of group benefits risks from group captive vehicles and employer health plans.
• Munich Re Group: World's largest reinsurer with a large life & health reinsurance business covering group benefits and stop loss. Provides both treaty reinsurance capacity and direct group captive solutions overlapping with East Isles' role.
• Hannover Re (Hannover Rück): Major global reinsurer with significant life & health reinsurance operations, including stop-loss and group benefits treaties. Provides quota-share and treaty reinsurance to many of the same group captive programs East Isles participates in.
• Sun Life Financial (Group Benefits): Large group benefits carrier offering group stop loss, group disability, and supplemental health products. Competes for employer benefit spend and can offer alternative risk-transfer and captive-compatible structures to mid-market employers.
• Aon Captive Solutions: Captive management arm of Aon, offering group captive and protected cell programs for employee benefits. Broad incumbent serving many of the same SMB and mid-market employer benefit buyers through global broker distribution.
• Marsh Captive Solutions: Captive management arm of Marsh, the global insurance broker. Provides group captive facilities for medical stop loss and employee benefits at much greater scale than East Isles, leveraging Marsh's distribution relationships.

Direct peers

• Strategic Risk Solutions (SRS): World's leading independent captive management firm and a core channel partner / captive manager for East Isles. Operates group captive programs and works with multiple reinsurers, making it both a competitor and distributor in the same captive insurance value chain.
• Berkley Accident and Health: Also a W. R. Berkley subsidiary focused on medical stop loss and accident & health insurance. Sibling to East Isles with directly overlapping stop-loss underwriting capabilities and shared distribution into employer health plans.
• Artex Risk Solutions: Independent captive management and insurance solutions provider that forms and administers group captives, including medical stop loss programs. Directly competes for both captive participants and reinsurance arrangements in the same SME segment.
• Spinnaker Insurance Group: Provides medical stop loss and group captive solutions, including segregated-cell structures for employer benefit plans. Competes head-to-head with East Isles for SMB and mid-market group captive participants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about East Isles Insurance