East Isles Re is registered under the Segregated Accounts Companies Act (SAC Act), which enables it to establish, operate, and maintain segregated accounts for each insurance program.
A segregated account, also known as a “protected cell,” is an account containing assets and liabilities that are linked to a particular insurance program and that are partitioned off from the assets and liabilities of other insurance programs and from the assets and liabilities of East Isles Re’s general account. An insurance program involves multiple participants within a single segregated account. The intended effect of a segregated account is to protect the assets of one insurance program from the liabilities of other insurance programs. This is a commonly used structure in captive insurance arrangements.
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