{"id":427,"date":"2019-07-23T10:01:00","date_gmt":"2019-07-23T10:01:00","guid":{"rendered":"https:\/\/compre-group.com\/?p=427"},"modified":"2021-09-22T14:26:42","modified_gmt":"2021-09-22T14:26:42","slug":"episode-6-bermuda","status":"publish","type":"post","link":"https:\/\/compre-group.com\/fr\/episode-6-bermuda\/","title":{"rendered":"\u00c9pisode 6 : Les Bermudes"},"content":{"rendered":"<p>Il y a quelques semaines, j&#039;ai atterri aux Bermudes \u2013 un groupe d&#039;\u00eeles plut\u00f4t curieux dans l&#039;oc\u00e9an Atlantique Nord avec des racines d&#039;assurance remontant au milieu du XIXe si\u00e8cle. Aujourd&#039;hui, il abrite de nombreux assureurs, r\u00e9assureurs, acqu\u00e9reurs h\u00e9rit\u00e9s et cabinets d&#039;experts-comptables et d&#039;avocats ax\u00e9s sur l&#039;assurance, dont la plupart se tournent vers l&#039;ouest vers les \u00c9tats-Unis.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"320\" src=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810.jpg\" alt=\"\" class=\"wp-image-910\" srcset=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810.jpg 240w, https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810-225x300.jpg 225w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Les Bermudes sont devenues une ruche d&#039;activit\u00e9s de march\u00e9 h\u00e9rit\u00e9es, principalement en tant que march\u00e9 important pour les porteurs de risques nord-am\u00e9ricains \u00e0 la recherche de transferts de portefeuille de pertes (LPT). Essentiellement, un LPT est une solution de r\u00e9assurance en quote-part 100% qui transf\u00e8re l&#039;\u00e9conomie d&#039;un portefeuille au bilan d&#039;un acqu\u00e9reur h\u00e9rit\u00e9.<\/p>\n\n\n\n<p>Mais quelque chose de nouveau se trouve sur l&#039;horizon expansif des assureurs am\u00e9ricains. Dans <a rel=\"noreferrer noopener\" href=\"https:\/\/compre-group.com\/fr\/episode-2-new-york\/\" target=\"_blank\">\u00c9pisode 2 de Un guide approximatif de Le<\/a><a href=\"https:\/\/compre-group.com\/fr\/episode-2-new-york\/\">gacy <\/a>J&#039;ai mentionn\u00e9 le buzz actuel du march\u00e9 am\u00e9ricain sur les transmissions d&#039;entreprises d&#039;assurance (IBT) et la finalit\u00e9 juridique qui les accompagne. Alors, quels sont les avantages et les inconv\u00e9nients des LPT par rapport aux IBT\u00a0?<\/p>\n\n\n\n<p>Les LPT sont une m\u00e9thode \u00e9prouv\u00e9e de cession de portefeuilles h\u00e9rit\u00e9s. Ils sont g\u00e9n\u00e9ralement coupl\u00e9s \u00e0 un Run-Off Management Agreement (ROMA) qui offre aux clients une finalit\u00e9 op\u00e9rationnelle et \u00e9conomique. Ils peuvent entrer en vigueur imm\u00e9diatement apr\u00e8s la signature et offrir un all\u00e8gement de capital.<\/p>\n\n\n\n<p>Il manque \u00e0 la solution LPT la notion de finalit\u00e9 juridique. Les r\u00e9clamations peuvent toujours \u00eatre faites aupr\u00e8s de l&#039;assureur d&#039;origine, bien que le paiement provienne plut\u00f4t du r\u00e9assureur. Le r\u00e9assur\u00e9 conserve la responsabilit\u00e9 ultime de tout sinistre.<\/p>\n\n\n\n<p>Les IBT permettent exactement cette pi\u00e8ce manquante du puzzle. En fait, les solutions actuellement propos\u00e9es en Europe tendent \u00e0 impliquer un LPT initial qui transf\u00e8re imm\u00e9diatement le risque \u00e9conomique, suivi d&#039;un transfert de portefeuille l\u00e9gal via un IBT. Selon la juridiction, l&#039;IBT peut prendre de quelques mois \u00e0 plus d&#039;un an.<\/p>\n\n\n\n<p>Cependant, le march\u00e9 am\u00e9ricain attend toujours avec impatience l&#039;ach\u00e8vement du premier IBT local, qui pourrait avoir lieu plus tard cette ann\u00e9e dans l&#039;Oklahoma, en vertu de sa loi sur le transfert des activit\u00e9s d&#039;assurance, qui n&#039;a pas encore \u00e9t\u00e9 test\u00e9e, <a href=\"https:\/\/www.insuranceinsider.com\/article\/2876gv60zg4bent3iij9c\/oklahoma-slates-autumn-target-for-first-us-portfolio-transfer\" target=\"_blank\" rel=\"noreferrer noopener\">selon des articles de presse r\u00e9cents<\/a>. Seul l&#039;avenir nous dira comment cela pourrait affecter le march\u00e9 nord-am\u00e9ricain de l&#039;h\u00e9ritage\u00a0!<\/p>\n\n\n\n<p><em>La semaine prochaine, je partagerai mon temps entre la Finlande, l&#039;Allemagne et Londres, apr\u00e8s quoi je retournerai \u00e0 Vancouver pour des vacances d&#039;\u00e9t\u00e9 bien m\u00e9rit\u00e9es et du repos.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Il y a quelques semaines, j&#039;ai atterri aux Bermudes \u2013 un groupe d&#039;\u00eeles plut\u00f4t curieux dans l&#039;oc\u00e9an Atlantique Nord avec des racines d&#039;assurance remontant au milieu du XIXe si\u00e8cle. Aujourd&#039;hui, il abrite de nombreux assureurs, r\u00e9assureurs, acqu\u00e9reurs h\u00e9rit\u00e9s et cabinets d&#039;experts-comptables et d&#039;avocats ax\u00e9s sur l&#039;assurance, dont la plupart se tournent vers l&#039;ouest vers les \u00c9tats-Unis. [\u2026]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 6: Bermuda - Compre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/compre-group.com\/fr\/episode-6-bermuda\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Episode 6: Bermuda - Compre\" \/>\n<meta property=\"og:description\" content=\"A couple of weeks ago, I touched down in Bermuda \u2013 a rather curious grouping of islands in the North Atlantic Ocean with insurance roots dating back to the mid-nineteenth century. 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