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Insurance

We offer compliant life and annuity insurance products – each with several customisable investment options – providing high-net worth clients with bespoke products, maximum flexibility and significant financial benefits.

Who we are

Geneva Insurance Group (Barbados) Inc. and Geneva International Insurance Inc., offer life insurance and annuity solutions – often forming part of the overall wealth and estate plans – that are relevant, effective and applicable to their global client bases.

GMG Insurance is licensed under Barbados law, a jurisdiction with extensive global, bi-lateral tax agreements

GMG Insurance has established reinsurance relationships with leading reinsurers, which offer significant and highly-rated reinsurance capacity

GMG Insurance is a wholly-owned subsidiary of the Geneva Management Group

GMG is headquartered in Geneva, and globally distributes a range of financial products and solutions via its network of representative offices

Team

GMG Insurance is run by a team of highly qualified and experienced insurance professionals with a solid track record of designing and delivering innovative, non-traditional insurance solutions to high-net worth families and individuals, family offices and private banks, as well as insurance investment brokers and estate planning advisors, irrespective of their geographic location.

In addition to their deep-seated insurance experience, core members of our executive team have the following diverse skill sets:

  • Financial and investment market
  • Trust, corporate and fund management and administration
  • Legal
  • Tax
  • Private Equity

Our global front-office activities are supported by two experienced and highly trained back-office teams, located in our dedicated service centres in Mauritius and Barbados.

What we do

We provide a full suite of life and annuity insurance products, related services and solutions that are designed to be compliant in the tax jurisdictions of the owner and the beneficiaries of the insurance policy.

We do this via two dedicated insurance platforms:

Geneva Insurance Group (Barbados) Inc., a licensed Qualified Insurance Company.

Geneva International Insurance Inc., a licensed Exempt Insurance Company.

We work as follows:

With third party advisors to implement solutions that are cost effective, simple to understand and easy to implement.

Globally with most custodians, managers or funds, simplifying the set up of investment portfolios.

Through brokers, institutional partners and approved external legal or tax advisors to provide a variety of customisable life and annuity insurance products – each with several investment options.

Products

GMG Insurance’s products are designed to provide high-net worth families and individuals with bespoke solutions that offer maximum flexibility and are compliant with tax, estate and asset protection laws.

GMG Insurance’s products, services and solutions have been designed to be:

  • Flexible
  • Cost effective
  • Available for issue in various domiciles
  • Distributed via an open architecture platform
  • Transparent

GMG Insurance sells the the following products:

Private Placement Life Insurance

  • Variable Universal Life (VUL)
  • Variable Universal Life Frozen- Cash-Value (FCV)
  • Variable Universal Life Zero-Cash-Value (ZCV)
  • Variable Universal Life min. 101% Death Benefit for international clients

Private Placement Variable Annuities

  • Deferred Variable Annuity (DVA)
  • Single Premium Immediate Annuity (SPIA)

Critical Illness coverage

Critical Illness with supplemental Death Benefit (South Africa only)

Insurance Dedicated Funds

GMG Insurance is able to structure or implement Insurance Dedicated Funds (IDF) with Separately Managed Accounts, or assist with cutting edge structuring solutions.

White label and private label solutions

GMG Insurance offers advisors the ability to white-label or private-label its insurance solutions with their brand or corporate identity. Advisors can now capitalise on GMG Insurance’s platform by utilising Separate Account technology to offer customised and individually branded products to their customers.

Contact our Insurance Division

E insurance@gmgfinancial.com