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RedSands

Financial strength

The success of the Red Sands Insurance Group has been built on sound financial principles. We aim to deliver sustainable long term returns to our shareholders, partners and clients.

The group currently has assets in excess of £165,000,000 and always holds a significant margin above the solvency capital requirement in accordance with Solvency II. Our financial strength is further enhanced through reinsurance support purchased from international reinsurers when required.

Solvency and Financial Condition Report (SFCR)

Solvency II became effective from 1st January 2016. From this date, we use Solvency II rules to calculate our capital requirements. These rules require us to publish an annual Solvency and Financial Condition report at the end of each financial year. 

Click here to download the Solvency and Financial Condition Report for the year ending 31 December 2016

Click here to download the Solvency and Financial Condition Report for the year ending 31 December 2017

Click here to download the Solvency and Financial Condition Report for the year ending 31 December 2018

Click here to download the Solvency and Financial Condition Report for the year ending 31 December 2019

Click here to download the Solvency and Financial Condition Report for the year ending 31 December 2020

 
GROUP SOLVENCY COVER RATIO
>209%
An important measure of our group’s financial strength.
Red Sands Insurance and Red Sands Life together hold more than 209% of the Solvency II capital requirement.
 
NUMBER OF PARTNERS
12 PARTNERS
AND GROWING
 
NUMBER OF POLICIES
3,000,000+
Red Sands Insurance and Red Sands Life currently have more than 3,000,000 live policies.
 
CLAIMS PAID 2020
£125,184,357
Red Sands Insurance and Red Sands Life together paid more than £125million in claims to clients in 2020.

All facts and figures correct as of 31st December 2020.

Red Sands Insurance Company (Europe) Limited is licensed and regulated by the Gibraltar Financial Services Commission under the Financial Services (Insurance Compaies) Act 1987 (see FSC website). It is a member of the UK's Financial Services Compensation Scheme, Financial Ombudsman Scheme and The Association of British Insurers.
Registered office: Level 3, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar (Company No. 87598). Copyright © 2014 Red Sands Insurance.