global-insurance

A global
insurance leader

PA Group is a fully licensed insurance company with two main lines of business. Our international life insurance division issues unit-linked life insurance policies in underserved markets, while our general health insurance division provides major medical insurance policies for local country nationals, expatriates and group benefits.

From humble beginnings in 2005, we’ve grown to a prominent sector leader. Our strength and success lie in a clear operating vision and philosophy that leverages strategic acquisitions, innovative solutions and a highly experienced team of experts. We count on key relationships with Bank of America, BDO, RSM Cayman Ltd., Citibank, UBS, BNY Mellon Pershing, United Health Care and Lloyd’s of London as our reinsurer.

Services

A strong foundation for the future

Since inception, our overall philosophy has been to protect and support our clients throughout life’s most significant events. To accomplish this, we’ve worked tirelessly over the past decade and a half to establish a stable financial footing and ensure future success.

Financial strength & stability

This means promises kept, and peace of mind for the clients who rely on us.

PA Group has grown at an average annual rate of 50% over the last five years. Our consolidated gross revenue for 2019 exceeded USD $70 million, while our insurance portfolio exceeded USD $100 million as of 2019.

We reinforce our financial strength with a comprehensive reinsurance provided by Lloyd’s of London, one of the oldest and most prestigious insurance companies in the world. Lloyds has grown since 1688 to become the world’s leading market for specialist insurance. They currently enjoy an A+ rating (strong) from Standard & Poor's, AA- (very strong) from Fitch and A (excellent) from A.M. Best.

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Corporate governance & regulatory environment

Honesty, integrity, and accountability are not just our beliefs, they unify and inspire us to help our clients take charge of their lives.

At PA Group, we believe in honesty, integrity and accountability. Over the years, we’ve earned the trust of our clients and partners by staying true to our founding vision rooted in excellence and doing what’s best for our clients.

Our seasoned Board of Directors and talented executive team are fully committed to leading PA Group to reach its full potential with continued global expansion. Together with our oversight and compliance programs and a stringent regulatory environment, we have the right people and safeguards in place to ensure exemplary management.

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Executive
team

A team comprised of accomplished industry leaders.

Our global leadership team is comprised of accomplished industry leaders. Many have joined us from the most respected firms in the world. All offer diverse, in-depth expertise and a wealth of knowledge in global business solutions and international insurance. Under their stewardship, we’re able to navigate challenges while adding value for our clients and expanding our global reach.

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Annual audit
& compliance

Continously assessing overall effectiveness of our risk management, control and governance processes.

Our annual audit helps us to improve the business while also adding value for our clients. Each year, we conduct a rigorous review to evaluate the overall effectiveness of our risk management, control and governance processes.

We engage RSM Cayman Ltd. as our internal auditor and BDO as our independent final auditor. Our Audit Committee assists with a broad range of responsibilities including accounting and financial oversight, legal and regulatory compliance and the integrity of our financial statements, audit and auditors.

Our Chief Actuary is an independent consulting actuary with more than four decades of experience. Over the last 20 years, his practice has included work in all aspects of medical insurance, life insurance and, most recently, property and casualty insurance. In each of these areas, he has dealt with marketing, financial reporting, mergers and acquisitions and solvency regulation.

We also have an independent financial adviser who is responsible for following and applying the company’s approved investment policy.

Our legal advisors are Holland and Knight LLP and The Maples Group. Both are prominent legal organizations with extensive international, regulatory and corporate affairs expertise.

Our in-house compliance team oversees all aspects of compliance. GCS Advisory, a leading company in the Cayman Islands, serves as our AML/KYC compliance consultant.

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Regulatory Environment

At PA Group, we comply with the highest regulatory standards to protect our clients and partners. Incorporated in the Cayman Islands in 2012, we operate within a strictly regulated environment to offer clients greater transparency, security and peace of mind.

For more than 40 years, the Cayman Islands has been a major center for international insurance. It is the second largest domicile for group captives, and the number one jurisdiction for healthcare. With economic and political stability, a stringent regulatory system, tax neutrality and business benefits, the Cayman Islands consistently ranks among the top ten financial centers worldwide.

We are fully licensed to underwrite general and long-term insurance products. We also meet all international standards including GDPR and AML/CRT as well as regulatory, reinsurance coverage and reserves requirements.

PA Group and affiliates are regulated by the Cayman Islands Monetary Authority (CIMA), British Virgin Islands – Financial Services Commission and Labuan Financial Services Authority.

Life & Health Insurance

PA Group is an innovative company with a proven record of financial stability and growth. We manage two lines of business: specialty life and health insurance for clients seeking customized solutions through independent advisors and producers. We design and offer unique insurance products for underserved markets via our two retail brands, Premier Trust and Premier Health.

Life
Insurance

Premier Trust offers a wide variety of simple and effective unit-linked life insurance solutions. Through Premier Trust’s insurance plans, clients gain access to the most diverse global markets as well as best-in-class custodians and asset managers by selecting performance benchmarks such as indices, mutual funds or ETFs as unit-liked allocations.

International
Life Division

Premier Assurance Group SPC Ltd.

Labuan Branch

Premier Trust:

Trust International Life Division

PA Group Administration Corp.:

Administration Company

Premier Assurance Marketing Ltd.:

Marketing and Distribution Company

General Health
Insurance

Premier Health provides international health solutions for individuals, families and groups. Plans are tailored to protect non-U.S. residents, expatriates living abroad, employers, government contractors, students, missionaries and others seeking comprehensive international coverage abroad.

International
Health Division

Premier Assurance Advisors LLC:

Insurance Broker and Lloyds’s Coverholder

PA Global Trust:

Trust international health division

Lyncpay LLC (PA Group Administration):

Administration company

PA Group Health Distributors Ltd.:

Marketing and distribution company

Contact us

Need assistance or additional information?
We’re happy to help. Contact us using the information below, and we will respond as soon as possible.

Write to us

Premier Assurance Group SPC Ltd.
128 Elgin Avenue
Sussex House, Suite 200
PO Box 31298, George Town
Grand Cayman, Cayman Islands KY1-1206