Licensees

Insurers, Insurance Intermediaries and Captive Insurers

Licensed Insurers are:

Licence Category A

    * Tower Insurance (Cook Islands) Limited

Licence Category C

    * Allied International Insurance Limited

Approved External Insurer

    * ACE Insurance Limited

    * BSP Health Care (Fiji) Limited

    * Federal Pacific Insurance Limited

    * Sovereign Assurance Company Limited

Licensed Insurance Intermediaries are:

Agents

     * Australia and New Zealand Banking Group Limited (CI)

     * Bank of the Cook Islands Limited

     * Shaun Gallagher 

     * Richard Fisher 

     * Federal Pacific Insurance (Cook Islands) Limited

     * Grant Priest

Brokers

     * Willis New Zealand Limited

Insurance Manager

     * Cook Islands Trust Corporation Limited

Licensed Captive Insurers are:

Captive Insurer

     * Ovation Risk Limited

     * Pacific Catastrophe Risk Insurance Company 

     * Maritime Mutual Insurance Association Limited

External Insurance Manager

     * Willis New Zealand Limited

Supervision of Insurers and Insurance Intermediaries

All insurers and insurance intermediaries doing business in the Cook Islands are subject to the provisions of Insurance Act 2008. 

It is an offence for an unlicensed person or entity to carry on insurance business in the Cook Islands.

Certain exemptions operate for global insurance policies that cover risks located in the Cook Islands. Please refer to the Insurance Act and the Insurance Regulations 2009 for further details of these and all other exemptions.

 

 

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