ABOUT US
Financial Stability
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 £200,000,000 and always holds a significant margin above the solvency capital requirement. 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.
- Solvency and Financial Condition Report for the year ending 31 December 2022
- Solvency and Financial Condition Report for the year ending 31 December 2021
- Solvency and Financial Condition Report for the year ending 31 December 2020
- Solvency and Financial Condition Report for the year ending 31 December 2019
- Solvency and Financial Condition Report for the year ending 31 December 2018
- Solvency and Financial Condition Report for the year ending 31 December 2017
> 190%
Group solvency cover ratio
14
Number of Partners
+ 3M
Number of Policies
£190M
Claims paid 2022
All facts and figures correct as of 31st December 2022.
Latest audited accounts
Listed below are copies of our latest audited accounts, they are available to download in PDF format.
Red Sands Insurance Company (Europe) Limited
Red Sands Life Assurance Company (Europe) Limited
We welcome new opportunities.
Please contact us for more information on new partnership opportunities.