Stronghold Insurance Company Limited incorporated in Bermuda as a limited liability company registered under the Bermuda Segregated Accounts Companies Act 2000.
Stronghold specializes in the design, issuance, and management of its proprietary insurance contract, the "Segregated Account Obligation" ("SAO"). Each contract has its own segregated cell company used to facilitate risk transfer by investing in SAO owner-directed, but Stronghold owned and managed assets.
SAOs have broad applications:
Institutions can utilize the SAO for capital management. Cash and proceeds from the sale to Stronghold of high risk-based-capital assets, including those issued by an SAO purchaser’s affiliates, can fund an SAO.
The SAO facilitates the design and issuance of high risk, high rate on line insurance policies covering property and casualty, earthquake, hurricane, medical malpractice, mortality, long-duration guaranteed benefit exposures and other risks.
Stronghold can finance projects, developments, and mergers and acquisitions by raising funds - through the sale of SAOs - from capital markets.
The SAO stands as a 144A SEC-registered security. Stronghold Insurance Company Limited designed the SAO to meet the highest rating agency criteria. It does this by fully collateralizing the instrument using sovereign debt in addition to the protections inherently provided by the Bermuda Segregated Accounts Companies Act 2000.