SunTrust Bank
711 Fifth Avenue
New York
NY 10022
(212)590-0976
USA
Contact
Donny Tong
212.590.0976
donny.tong@suntrust.com
https://www.suntrust.com
Reinsurance Collateral Trusts
The limitations and costs associated with traditional collateral options such as Letters of Credit have dramatically fueled the growth of alternative risk transfer strategies amongst insurers, reinsurers, captives and corporations. Fluid regulatory, financial and risk management environments demand lower-cost collateral solutions – solutions that afford maximum flexibility with minimal effort to set up and maintain.
Why choose an Insurance Trust?
Improved Credit Availability – an insurance trust has no adverse impact on your available credit.
Cost Effective – insurance trusts generally save you in annual fees compared to other forms of collateral posting options.
Convenience – insurance trusts are tri-party arrangements that require no annual renewals.
Reduced Liability Concerns – insurance trusts may limit the range of acceptable investments; this is done to ensure adherence to all regulatory requirements.
Our collateral trust product at SunTrust can help you with the following insurance needs:
Reinsurance/Collateralized Reinsurance
Regulation 114 Trusts
Captives
Surety Bonds
State Statute Trusts
Collateral/Depository Accounts
Contact a member of our team:
Donny Tong
212.590.0976 (Phone)
donny.tong@suntrust.com (Email)
Joseph Monaco
212.303.1746 (Phone)
joseph.monaco@suntrust.com (Email)
Barbara Aubry
212.303.4164 (Phone)
barbara.aubry@suntrust.com (Email)
