Windward Insurance PCC Limited
Windward Insurance PCC Limited (‘WIPCC’) was formed in 2001, its core capital is owned by Alternative Risk Management Limited.
WPICC contains 22 active cells with a combined annual premium of circa £28 million and assets in excess of £92 million. Each cell is legally independent and separate from the others, as well as from the core of the company.
The core of WIPCC has the minimum statutory capital requirement for the company as a whole and this facilitates the opening of client cells through the allotment of redeemable preference shares.
WIPCC enables Alternative Risk Management Ltd to offer cost effective risk management solutions to a broader client base. The PCC provides rapid access to alternative insurance markets, while delivering the opportunity to develop risk management strategies without the complexity and cost of a pure captive.