Beyond South African borders
Guardrisk has successfully exported the cell captive concept and business model outside of its borders with rapid expansion into Southern Africa, bringing a completely new concept to these markets where it has been well received by the authorities, large corporates, parastatals and intermediaries.
The Guardrisk concept is now available in the following countries :
- Mauritius
Both short-term and life facilities are available to insure the foreign business risk exposures faced by our clients. The companies are licensed by the Mauritius Offshore Business Activities Authorities and operate out of Port Louis in Mauritius. Foreign risk exposures can be insured through issuing insurance policies and holding the insurance reserves in any of the major foreign currencies.
The following structures are offered in Mauritius: Short-term cell captive structures governed by Protected Cell Captive Legislation
- Life cell captive structures governed by contractual shareholder agreements
- Wholly-owned captive management services
- Namibia
A wholly-owned structure of Alexander Forbes with transfer of skills and intellectual property from Guardrisk in South Africa offering : - Cell captive and rent-a-captive structures through a short-term insurance licence
- Funeral policies issued out of the life licence
