Anguilla’s Distinctive Classes of Insurance Licenses

In designing their insurance legislation, Anguilla devised a range of license types with differing capital requirements that would appeal to a variety of applicants and objectives. We’ll help you determine which one is right for you.

Most applications fall into one of the five categories of Class ‘B’ licenses which are for foreign insurance business (for foreign owners &risks).  The distinctions are based on the breadth of the intended policyholder base or market, with capital requirements being set accordingly:

• The Class ‘B’ Insurer’s Unrestricted Licence permits a foreign insurer to carry on any foreign property & casualty and long term business, providing that it has and maintains capital of at least $200,000.
  
  
• The Class ‘B’ Insurer’s General Licence permits a foreign insurer to carry on general foreign insurance business (that’s property & casualty but not life) providing that it has capital of at least $100,000.
  
  
• The Class ‘B’ Insurer’s Association Licence permits a foreign insurer to carry on general foreign insurance business and long-term foreign insurance business, with two or more owners of the insurer, and its affiliates, and to carry on no more than thirty percent (30%) of its foreign insurance business (based on net premiums written) or 100% of its reinsurance business with persons who are not owners of the insurer or its affiliates, providing that it has and maintains an issued and paid up capital of at least $100,000.
  
  
• The Class ‘B’ Insurer’s Group Licence which shall permit a foreign insurer to carry on foreign insurance business, including long-term foreign insurance business, with a single owner of that insurer and its affiliates, and employees of the owner or its affiliates, providing that it has and maintains an issued and paid up capital of at least $ 25,000.
  
  
• The Class ‘B’ Insurer’s Single Licence which shall permit a foreign insurer to carry on any foreign insurance business, including long-term foreign insurance business, with the sole owner of the insurer, if a company, providing that it has and maintains an issued and paid up capital of at least $ 10,000.

Professional Service Provider’s Licenses
Anguilla may license on a very selective basis:
Insurance Agent’s; Brokers, Sub-agents; Insurance Managers and Principal Representatives.

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