Secure the stable financial backing your captive needs.
Letters of credit can be key in helping your captive insurance company to capitalize or meet the security requirements of ceding or fronting companies and regulators. As such, it's vital that you choose a financially-sound and stable partner that can provide a competitive and flexible service.
As Canada's leading financial institution as measured by market value and assets, and one of North America's leading diversified financial services companies, Royal Bank of Canada is well-equipped to provide your captive with the secure financial backing and resources it needs.
Our letters of credit service meets all the standards established by the National Association of Insurance Commissions (NAIC) and other regulatory bodies and is one of our core strengths in the captive insurance market.
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Allow us to tailor our letters of credit service to meet the specific needs of your captive.
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