TCU Segregated Account

TCU is a Bermuda-based Segregated Account Cell with the sole purpose of underwriting trade credit insurance for qualified exporters, traders and financiers.

The TCU cell has been organized under Davies' Segregated Account Company with initial funding from Svensk & Company.

Supported by an A-Rated reinsurance panel, TCU is focused on underwriting one-off trade transactions with tenors up to 5-years and a maximum limit of $7.5MM per Obligor.

In addition to our reinsurance facility, capital to support risk retentions under insurance policies issued by the TCU Cell is provided by each Member in amounts equal to their retentions. As such, the venture has elements of a group captive insurer without the need to purchase shares.

Segregated Accounts Companies are established and regulated pursuant to the Bermuda Segregated Accounts Companies Act 2000 (the “SAC Act”) and the Insurance Act 1978.

For Additional information on Bermuda captives, contact one of the Svensk & Company Principals.