Alternative Risk Funding – A Simple Solution
UFIC is a Rent-a-Captive (RAC) company with the following features:

• Privately owned Bermuda Insurance Company
• Comprises Segregated Accounts (Cells)
• Each segregated account forms a separate entity within UFIC
• Exposures, Assets and Liabilities of each cell ring-fenced from other
cells and from the company owners
• The UFIC Act protects the assets of each cell from any claims from general
creditors or from other cells at all times including upon liquidation
• Each segregated account is a “company within a company”


In effect UFIC is a RAC with the advantage that each segregated account is provided legal protection under the UFIC Act from claims from outside the segregated account.