HSBC Captives Brochure

Connecting you to your ambitions

Fitch AA-

HSBC’s competitive advantage includes our strong credit rating, global network, globally consistent client service models and a dedicated Captive and Insurance banking team focused on servicing all aspects of the captive life cycle and insurance and reinsurance companies

We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our customers.

We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

Relationship and Partnerships Are Key

With a dedicated and experienced team for captives and insurance clients, HSBC is well positioned to provide solutions locally and across the globe. The Bermuda Captive and Insurance Relationship Managers are part of the wider team of insurance and banking group within HSBC. Strategically operating in key centers, the ability to provide global solutions is of paramount importance and key to HSBC to supporting this sector.

HSBC Bermuda’s products and service solutions for captive and insurance clients include: liquidity and cash management, global markets, global custody, collateral fronting in the form of stand-by letters of credit and collateral trusts and asset management.

Our Product Specialists

Global Payments Solutions

At HSBC, our professionals deliver tailored solutions to meet your local, regional and global cash management needs. We can carefully review existing banking arrangements and requirements to formulate a solution which meets your organisation’s needs and improves operating efficiencies. These solutions give captives and insurance clients greater control over cash and to help to manage your liquidity efficiently. You will be supported by our award winning digital platforms which enable you to make seamless payments between countries and currencies. Product solutions include, clearing and FX payments, receivables, disbursements, cards and liquidity and the ability to transact in 20 currencies to supports your global needs.

Global Trade and Receivables Finance

We provide simplicity to navigating our global network by the use of a single point of contact for both local and cross border solutions. With over 30 years of industry experience, we provide our captive and insurance banking clients with compliant letters of credit to support the credit for reinsurance obligations. We have developed standard wording for many of the fronting carriers and have the flexibility to customize this depending on the domicile and cedent acceptability.

Our offering includes multi-currency options and various forms of security that can be pledged to support your facilities. These options range from cash to asset management solutions and encompass fixed income portfolios and competitive haircuts.

Trusts

HSBC has a long and successful track record, having provided trustee services for over 100 years. Our combination of specialist insurance and trust expertise, alongside a global banking network, gives you the holistic solutions you need to make Insurance Trusts an integral part of your operations.

Our Bermuda-based insurance banking team, with our trust team in the USA, has deep specialist knowledge of Insurance Trusts, and works closely with the industry on a day-to-day basis. From captives to special purpose insurers and sidecars, we understand your requirements and deliver the full range of support and expertise to minimize your administration.

Our agreed trust documentation allows us to set up trusts quickly. Additionally, we help you to optimize the use of your

collateral through advanced liquidity/cash management tools and bespoke investment strategies, balancing the objectives of capital protection and returns.

HSBC Global Asset Management

As one of the world’s largest insurance asset managers, we leverage deep research and investment resources to help you achieve superior risk-adjusted returns that meet your yield and diversification requirements within regulatory and accounting constraints.With dedicated coverage and service reporting teams, an insurance segment unit and a range of insurance relevant investment products, HSBC is well positioned to service the investment requirements of Bermuda’s insurance market. We are focused on providing a truly consultative approach to our clients’ cash management requirements and we have developed a suite of global and local products to allow us to meet the needs of our client base.

Locally, HSBC provides liquidity products in a range of currencies including USD (prime and US Treasury), CAD, and GBP to suit different requirements. For clients with an investment horizon beyond a typical money market fund, HSBC Asset Management also provides clients with segregated mandates and fund solutions. These can be in the short or low duration space as well as other fixed income, equity, ABS or multi-asset solutions.

Markets and Securities Services

Markets & Securities Services enables our corporate and institutional clients to access financial markets and liquidity, unlock investment opportunities, manage risk and transact seamlessly. We do this by bringing together financing solutions; sales, trading and distribution across multiple asset classes; research; clearing and settlement; global custody; and asset servicing. We offer sophisticated 24-hour coverage across our main trading & sales platforms in London, New York & Hong Kong. Our knowledge of local markets, coupled with HSBC’s global reach, enables us to provide a comprehensive & bespoke service across every major asset class for our Corporate & Institutional clients. Our clients get access to Equities, Fixed Income including Credit & Rates, Foreign Exchange, Commodities & Prime Services, in addition to Research, across both developed & emerging markets giving you the confidence to go where the growth is and capture new opportunities.

Meet the Relationship Management Team

E: anthony.riker@hsbc.bm

E: dele.oyawa@hsbc.bm

E: madina.m.ali@hsbc.bm

E: kate.robinson.bermuda@hsbc.bm

Tony Riker Head of Captive & Insurance Banking

Kate Robinson Captive & Insurance Banking Relationship Manager

Dele Oyawa Captive & Insurance Banking Relationship Manager

Madina Ali Captive & Insurance Banking Relationship Manager

Meet the Product

Global Payments Solutions

Letters of Credit

Trusts

Nadia Fox Global Payments Solutions Senior Sales Manager

E: nadia.p.fox@hsbc.bm

Asset Management

Renée Lewis Head of Global Trade & Receivables Finance

E: renee.m.lewis@hsbc.bm

Asset Management

Sebastian Canale Director - Issuer Services Americas

E: sebastian.canale@us.hsbc.com

Global Markets

Rod Le Masson Head of Business Development

E: rod.le.masson@hsbc.bm

Arantxa Mayers Business Development Manager

E: arantxa.j.mayers@hsbc.bm

Stephen Gift Corporate Sales

E: stephen.gift@hsbc.bm

HSBC Bank Bermuda Limited, 37 Front Street, Hamilton HM 11 Bermuda | +1 441 295 4000 | www.hsbc.bm

©HSBC Bank Bermuda Limited. All rights reserved. HSBC Commercial Banking operates in 54 countries and territories, covering the developed and developing markets that matter most to our customers. Through our teams of relationship managers we connect businesses to opportunities, helping them to thrive and grow.

HSBC Business is the brand name for the corporate and commercial banking services offered by HSBC Group members.

This document is for general information purposes only and it is not intended that this general information be relied upon. HSBC Bank Bermuda Limited assumes no legal liability or responsibility for loss or damage resulting from the use of the general information contained in this document. Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority. September 2023