Conversation with Courage Mundandi, ACII (UK) - Chartered Insurer Captive Manager, Swan Reinsurance PCC
Strategically located in the Indian Ocean, Mauritius has firmly established itself as an International Financial Centre (IFC) of repute. Through the consistent enhancement of its regulatory framework, the country has emerged as a formidable jurisdiction for captive insurance, offering both protected cell and conventional captive insurance solutions. The country boasts one of the highest insurance penetration ratios in Africa and is well poised to further develop its insurance sector, closely regulated by the Financial Services Commission, Mauritius (FSC).
Headquartered in Mauritius, Swan Reinsurance PCC (Swan Re), a subsidiary of Swan General Ltd, is a prominent and leading protected cell company (PCC) having provided diverse
captive solutions across the African region for over a decade. Leveraging a composite professional reinsurance licence, rich balance sheet (+1.5 US Billion), superior rating and a team of seasoned experts, it serves as a hallmark and one-stop shop for tailored risk financing solutions. The entity prides itself in servicing, managing, meeting complex client needs and providing solutions to a diverse captive portfolio. Swan Re facilitates the creation and management of cell captives and offers a diverse range of services, from feasibility studies to structuring the primary insurance product of diverse classes, including reinsurance administration, underwriting and claims management, actuarial, finance & tax administration and regulatory, compliance & investment management.