(Re)insurance firms are facing a rapidly changing market environment characterized by stricter capital adequacy requirements, reserve deterioration, limited financial flexibility, and the prolonged low-interest rate environment. All the while, improved performance, increased efficiency, and enhanced enterprise risk management have become priorities based on increased client demand.
Brown Brothers Harriman helps firms deliver on these priorities, while managing the complexity of the ever changing marketplace. We bring together product, market, and regulatory expertise with proven technology and service excellence to deliver bespoke solutions that match our clients’ particular business needs.
Integrated and Modular Global Service Offering
Whether (re)insurance companies are looking for a fully integrated solution or specific services on a modular basis, they can leverage BBH’s wide ranging product suite to support their global service and investment goals. With experience servicing the world’s most sophisticated asset managers, our dedicated (re)insurance team supports our clients in their efforts to minimize risk, optimize cost, and manage their unique asset/liability, accounting, collateral, regulatory, and reporting needs.
Powered by Technology
Integrated, flexible technology applications are central to our goal of providing clients a superior service experience. Regardless of location, BBH service teams have access to the same systems and real-time information, ensuring quick inquiry turnaround and continuous improvement.
As a NAIC approved bank, BBH offers the following services:
Powered by Clearwater Analytics, we deliver consolidated, multi-custodian accounting and reporting, automate the data aggregation process, and support a spectrum of international accounting requirements. We offer specialized reporting for Bermuda Monetary Authority (BMA), A.M. Best and S&P; and US Tax reporting for Lloyd’s syndicates.
Through our streamlined account structure and single global technology platform, clients have the ability to consolidate custody, cash, mutual funds, FX, and segregated collateral positions from multiple offices in one view. BBH supports a full range of global account types, including General/Reserve, separate accounts, variable annuity and mutual funds, UCITS funds Lloyd’s of London syndicates, Special Purpose Vehicles, and catastrophe (Cat) bond funds.
Asset Management & Banking Services
With over 50 years of experience managing investment portfolios for (re)insurance companies, our investment strategies emphasize a value orientation across asset classes. Our banking services include Account Control Arrangements (ACA), letters of credit, and lines of credit.
As a NAIC-approved bank, we offer administration of Institutional Trusts (U.S., Cayman, Ireland) and Delaware Trusts, and Reinsurance Trust Services, and provide clients with customized regulatory and client reporting.
Our innovative collateral management offering is designed to optimize the deployment of available collateral to meet the margin requirements of CCPs and other market participants.
A proven and committed FX provider, BBH offers strategic (active) and operational (automated) FX solutions that simplify the FX component of our clients’ portfolios.