Letters of Credit

Backed by the financial stability and strength of Canada's largest financial institution¹, RBC Caribbean is able to provide competitively priced and flexible letters of credit to captive insurance companies and managers.  Our solution meets the standards established by the National Association of Insurance Commissions (NAIC) and other regulatory bodies.  We have been supporting captives with letters of credit to capitalize captives or meet the security requirements of ceding/ fronting companies and regulators.  Our credit experts understand the market and can provide letters of credit in favor of your fronting insurer, whether in the USA or Canada. 

¹ Based on market capitalization as of April 30, 2021.