Financial Solutions

 

Specialist Insurance Solutions

 

MSI focuses on providing non-conventional insurance solutions to meet specific financial and business risks. These are solutions that conventional insurance and the capital markets' banking products are unable to provide, or do so at an unrealistic cost.

 

Utilising technical underwriting expertise and financial skills in an innovative and client-focused manner, our solutions are tailored to each client's need. Clients gain considerable added value from such transactions both in structuring the financial proposition and in the element of risk transfer that takes place.

 

With a dedicated and diverse team of experienced underwriters, we draw on a variety of disciplines such as corporate finance, insurance underwriting, investment banking, risk management and statistical modeling. Our authorised company Mitsui Sumitomo Insurance (London) Limited is regulated by the Financial Services Authority (FSA).

 

 

Classes of business written

 

Credit Enhancement
  • Construction Loan Finance
  • Asset Refinance
  • Deferred Consideration
  • Securitisation
   
Residual Value
  • Commercial Aircraft
  • Real Estate
  • Shipping
   
Credit Portfolio Utilising our expertise in assessing and modeling credit risk, we apply our balance sheet strength to offer credit insurance protecting high quality investment grade risk portfolios. This facilitates the most effective use of capital by our banking partners.    

Key contacts - Financial Solutions

 

Kevin Borrett
Kevin Borrett

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Mark Giles
Mark Giles

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Fiona Willis
Fiona Willis

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Nick Gifford
Nick Gifford

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We focus on high value opportunities in the UK , North America and Europe, working in partnership with well-capitalised clients. Our financial risk solutions are differentiated by: -

 

  • Innovation and responsiveness - We have a creative and flexible approach to writing business based on a strategy of applying technical excellence to customised solutions.
  • High calibre team - The team consists of industry professionals with proven underwriting skills.
  • Short decision lines - Full underwriting authority is vested in the team.
  • Accessible structure - Light on bureaucracy, we provide direct access to decision makers.
  • First class security and financial strength -  Mitsui Sumitomo Insurance is rated AA by Standard & Poor's.
  • Strong technical bias - The team invests a considerable proportion of its resource in technical development to ensure success and product innovation.
  • Capacity - significant and enables us to take the lead position in the majority of transactions.
  • Capability - demonstrated in our underwriting expertise and flexible and innovative approach.
  • Credibility - founded in our strong market position.

 

>>Click here to see MSIL's Chain of Security

 

Underwriting criteria

 

Our approach to risk is on a partnership basis, and this extends to our constructive participation in any work-out situation. Key criteria are: -

 

  • We must be satisfied that the client can demonstrate clear insurable interest and assets which can be professionally valued against which we have clear security rights.
  • We must understand the drivers and motivations behind each transaction, and the underlying pricing and funding structures.
  • There must also be an alignment of risk between all transaction parties, for example via a significant retention of risk by the insured.

 

Example transactions

 

Our specialist insurance solutions have been a critical component in many successful transactions, including the following examples:-

 

  • The bridge financing of a remaining construction loan of a major US city centre hotel before permanent refinancing became economically viable
  • The facilitation of an efficient financing solution for a major refurbishment project of a historical building into branded luxury apartments in California.
  • The cost effective financing of wide-bodied Boeing and Airbus aircraft leased to major airlines
  • The successful completion of Management Buy Outs on purchase terms including or comprised entirely of deferred debt consideration.

 

>>Click here to see a case study of our our credit enhancement solution

 

Partners

 

Our policy is to always to work in conjunction with external industry experts, which allows us to offer the optimal financial solution to the diverse range of industries that our clients cover.

 

Since our formation in 2000, we have been pleased to be the financial partner to many of the world's leading financial institutions, including: -

 

  • Banque AIG
  • Barclays PLC
  • Citigroup
  • Deutschebank
  • Goldman Sachs
  • HVB Group
  • Lehman Brothers
  • Morgan Stanley
  • Société Générale
  • The Royal Bank of Scotland Group Plc
  • UBS