Sebvest Risk Solutions

WHOLESALE INTERMEDIARY FOR SHORT-TERM INSURANCE

SRS was strategically established to be a leading wholesale financial services intermediary in the short-term insurance industry, providing advice and intermediary services.

  • Mining Rehabilitation Guarantee
  • Guarantee & Liability Placement
  • Conventional Insurance Placements
  • Cell Captive and Contingency Placements
  • Finite Risk Financing Programmes
  • Reinsurance both locally and international

MINING
REHABILITATION

Legislation stipulates that all mining operations are required to make provision for environmental rehabilitation during and at closure of the mine to the Department of Mineral Resources (DMR). This provision may be made in the form of a Guarantee, Cash deposit to the DMR or Section 37A Trust.

 

UNDER OUR SOLUTIONS

 

  • We provide sound advice and assist clients in understanding the advantages and disadvantages for each of the three methods of provision that are available to them.
  • We liaise with the DMR on behalf of the client and assist with any DMR procedures in the process of issuing a guarantee.
  • Structure a solution which best suits the client’s financial requirements and have the guarantee issued to the DMR by one of the DMR approved providers.

CELL
CAPTIVES

A Cell Captive is valuable risk management tool and can successfully assist clients in establishing a vehicle in which they can insure their own risks, effectively becoming their own insurer. As the owner of the captive you are able to share in the underwriting profits of the facility. It further improves cashflow by reducing the expense factors associated with conventional insurance.

 

UNDER OUR SOLUTIONS

 

We assist clients in setting up insurance structures within a cell captive to provide for:

  • Solutions that respond to client specific risk exposures
  • Cover for all their major risks
  • Excess buydowns and uninsurable risk
  • Risks that are uneconomical to insure in the conventional market
  • Access to local and international reinsurance market
  • Cover for excess exposures