Incorporated Segregated Accounts Companies Act 2019

  • Legislative Updates
Incorporated Segregated Accounts Companies Act 2019

The Act enables the creation of corporate group structures to operate multiple businesses or ‘accounts’, each ring-fenced with its own separate legal identity, under one umbrella. Each account has the capacity, rights, powers and privileges of a natural person, including the right to enter into contracts with other accounts under the ISAC and with the ISAC itself. This structure offers greater flexibilities and efficiencies, including the pooling of professional support, and results in more robust asset and liability protections. The Act has applications in numerous sectors including (re)insurance, investment funds, multinational enterprises, family offices, asset management and securitisation. Read More

Stay Connected

Get industry updates like events, industry newsletter and The Bermuda Angle to your inbox.