INTEGRITY  RESOURCES'  SERVICES

 

INTEGRITY offers a broad range of services that can be specially tailored to your needs.  We believe in building long lasting partnership relationships whenever possible so that, as we work with you, we grow to learn more about, and understand, your business.  As this happens, we expect our advice and services will be more valuable and helpful to your company, thus enhancing our value proposition that our services should help you defray costs, enhance profit, and avoid loss making errors and mistakes.

 

 

OUTSOURCE  "IN-HOUSE COUNSEL"  SERVICES

An important service function offered by Integrity is its outsource “in-house counsel” service.  Many of Integrity’s clients do not have sufficient work to maintain a full time general counsel or attorney on staff despite the fact that they are significant industry participants and multi-billion dollar companies.  Nonetheless, they need commercially minded, responsive international legal assistance to help them conduct and operate their businesses, particularly in connection with negotiating, drafting and reviewing contracts and security documents which are critical to their day to day business and overall success.  While Integrity personnel are not Bermuda qualified lawyers, they are attorneys qualified in international jurisdictions who serve as advisors to our client companies with respect to their international business relationships, contracts, and related matters, as well as industry custom and practice.  See the link to:  Outsourcing - an  Efficient, Prudent and Sensible Alternative

INTEGRITY'S diversified expertise extends to:

 

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¨     managing and providing "in-house" legal consulting for the negotiating and finalizing of transactions;

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¨     the management of, and providing “in-house” legal and business consulting in connection with the formation and incorporation of new companies, together with the licensure, regulatory, and documentary requirements applicable to onshore, offshore, and cross border jurisdictions;

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 structuring, negotiating and documenting a broad array of:
 

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 insurance and reinsurance transactions, including:

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 property catastrophe aggregate and excess of loss arrangements;

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 insurance linked securities, cat bonds, industry loss warranties and related derivative structures;

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 facultative and quota share arrangements for prospective and retrospective property and casualty risks;

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 loss portfolio transfer arrangements;

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 specialty structured and tailored contracts for difficult and hard to place or traditionally uninsurable risks.

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 related security arrangements, such as credit for reinsurance trusts (Regulation 114 and other forms) and unconditional, evergreen letter of credit facilities;

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¨     Negotiation and preparation of complex contractual documents;

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 Structuring, negotiating and documenting financial arrangements of diverse sorts, including:
 

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 Secured and unsecured borrowings and lines of credit;

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 Secured and unsecured letter of credit facilities, including multi-year facilities with various collateral structures;

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 Near equity borrowing and preference share investments.

 

 

Services for the formation, development and restructuring of companies

 

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¨     Preparation of business plans;

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¨    Study and analysis of legal and regulatory requirements applicable to your business projects and products;

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 Legal and business consulting in connection with licensure, regulatory, and documentary requirements applicable to onshore, offshore, and cross border jurisdictions;

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¨     Liaison and consultation with the BMA and the Bermuda Registrar of Companies;

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¨     Business introduction, facilitation and intermediary services, including assisting with arranging capital raising and other financing activities;

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 Structuring capital and debt finance raisings for both start-up and developing companies, and preparing appropriate private placement memoranda and subscription agreements, public offering documentation, and other related documents and instruments;

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¨     Business administrative, management and representation services;

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 Other related and ancillary advisory services as requested from time to time.

 

SERVICES FOR INSURERS AND REINSURERS

 

In addition to our Outsource “In-House Counsel” services for international companies, Integrity offers additional services in connection with operating an insurance or reinsurance company and developing its business.  See the link to:  Outsource “In-House Counsel” Services

These additional services include:

 

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¨     Assisting with the design and structure of new insurance and reinsurance products and programs;

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¨     Developing policy and contract wording;

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 Assisting with the identification of appropriate markets for the placement of insurance and reinsurance business, typically in alliance with Bermuda brokers and intermediaries.  We work with international brokers, such as Marsh, AON, Willis and Gallaghers, as well as local and specialty brokers dealing in specialized and niche markets;

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¨     Providing claims audit services in the specialized area of high frequency/low severity claims, utilizing sophisticated proprietary software and services that filter your insurance carrier's or TPA’s electronic claims data and runs it against a uniquely constructed module reflecting your contract or policy terms, conditions and limits.

 

 

Representational Services

 

INTEGRITY and its officers offer representational services to companies who may want, or may be required to have, a local representative in Bermuda.  This offers our clients a personal presence in Bermuda that they or others may come to discuss business needs and transactions on a positive commercial basis.  This is far superior to a “brass plate company” whose managers effectively do not have, or can not take, the time to speak to third parties intelligently and effectively about your business.

INTEGRITY and its officers also provide Independent Director Services to companies that wish to have effective representation of interests for their local Bermuda company.  Depending how you set-up your company, you may be required to have two directors resident in Bermuda, or one such director and a Secretary located in Bermuda.  Our services ensure that the director is more than a figurehead, and that he or she understands your business and its requirements and can act effectively on behalf of your company as required.  It is important to consider the potential importance of having an independent director in today’s climate where corporate governance is being scrutinized intently.

 

 

Service Fee Philosophy

 

Services can be provided on a short term, project or long term basis.  Integrity prefers to take a view to providing its services on a value delivered/value derived basis and not strictly by hourly billings.  In appropriate circumstances, Integrity will seek to enter into compensation arrangements that enable us to participate in business development, growth, and success where the assistance results in significant cost savings and/or value creation and enhanced profitability; arrangements of this type align Integrity’s interests with those of our clients and essentially allow us to partner with you for our respective mutual interests.

 
Integrity Business Services Limited

INTEGRITY BUSINESS SERVICES LIMITED © 2008    ALL RIGHTS RESERVED