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ACE has three wholly owned companies designed to provide risk financing strategies to ACE clients seeking profits and reduced costs from their risk management practices.

As ACE’s in-house resource, for structuring captive risk financing alternative solutions, we offer the following capabilities:

  • ACE Alternative Risk Ltd. (AARL) is a Bermuda-based licensed captive management company capable of providing the full complement of support services required for owned captive insurance companies. Additionally, AARL works with ACE entities and brokers to develop feasibility studies for companies seriously considering the formation of a single parent or group captive.  

For companies seeking the benefits of a captive programme without the long-term level of management commitment, time and cost needed to form their own captive, ACE offers versatile risk financing alternatives through two wholly-owned subsidiary segregated account companies domiciled in Bermuda and the United States.

  • Paget Reinsurance Ltd. (Paget Re), domiciled in Bermuda, is a licensed Class 3 insurer formed under the law of Bermuda’s Segregated Account Cell legislation. As a full-service segregated account company, Paget Re rents its capital, license and administrative infrastructure to clients for an annual fee.
  • Pembroke Reinsurance Inc. (Pembroke Re) is domiciled in Delaware under the State’s Protected Cell Company legislation. Pembroke Re affords clients the choice of retaining their captive risk and premiums within the jurisdiction of the United States.

Known by different names in different jurisdictions, a Segregated Account Company and a Protected Cell Company are synonymous. Namely, each company enjoys statutory laws enabling complete separation between each participating programme’s assets and liabilities.

Since 1999, ACE has provided businesses with the option of testing the advantages of captive insurance company risk financing without committing to the capitalization requirements and administrative costs associated with establishing and operating their own captive insurance company.



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