The Rent-A-Captive Concept

Independent Management Ltd. is affiliated with Independent Risk Solutions, Ltd. (IRSL), a Bermuda insurance company. IRSL is a dedicated rent-a-captive facility with additional powers afforded under the Separate Accounts Act 2002 established by the Queen’s Excellent Majesty, by and with the advice and consent of the Senate and the House of Assembly of Bermuda. Under the Act each participant’s program is legally segregated from other programs.

As such, no participant’s funds can be used to pay losses of another participant. IRSL is also registered under the Bermuda Segregated Accounts Companies Act 2000.

The IRSL facility provides an immediate, competitive service, ensuring full confidentiality and ease of entry. Assets are held in segregated reserve accounts within the IRSL facility, thus allowing the client and IML to focus on risk management, risk assumption, underwriting and investment income participation, control and independent accountability. The client participates fully in underwriting and investment income profits by way of a participation agreement.