Atlas Insurance PCC
UK Branch

PCC Cells Direct-Writing UK Insurance Risks

We are leading the way in providing fully admitted solutions for UK and European markets
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Why Choose Atlas for Your Captive or Risk Carrier Strategy?

  • Bringing the PCC Solution to the UK Market
    Atlas is an independently owned protected cell insurance company. The protected cell solution, coupled with our directly authorised UK branch allows captive, MGA and broker cell owners to write insurance risks directly in the UK without the need for fronting arrangements. The PCC structure offers the optimum solution for businesses which wish to own and control their own insurance capacity.
  • Global Collaboration
    Our UK branch is supported by the company’s extensive experience in the European market. Atlas is authorised in the UK and all EEA territories, enabling Uk based cell owners to trade and write insurance risks seamlessly throughout Europe. Businesses gain access to our regulatory expertise, governance structures, and established relationships and processes across both the UK and European territories.
  • Cost-Effective Capital, Compliance and Governance
    Setting up a cell within the UK branch offers a significant cost advantage compared to establishing a fully independent insurance capacity entity. By utilising our established infrastructure, businesses can deploy their capital in a highly efficient fashion, while minimising regulatory and administrative costs.
  • Highly Experienced UK Based Team
    Atlas has established a UK based team, which will help prospective cell owners through the process of establishing and managing their PCC cell.

Contact our UK team:

Paul M Brierley – Head of UK Branch
+44 7813 355890
paul.brierley@atlas.com.mt

Michael Whitfield – Head of UK Business Relationships
+44 7860 255260
michael.whitfield@atlas.com.mt

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Why set up a cell to operate in the UK Market?

Capturing and controlling all elements of the value chain: taking control of capacity

The traditional route to market for insurance products marketed by entities which are not themselves insurers requires operators to arrange third party capacity.

The insurers providing this capacity take a substantial share of underwriting profit and can also exercise a great deal of control over product proposition and pricing. In a “hard” capacity market, this can prove to be a significant constraint and risk to business development.

Setting up a PCC cell enables cell owners to capture and own a greater proportion of profit in the value chain, reduce dependency on commissions and improve fair value to customers while exercising a much higher level of control and consistency over product proposition and pricing.

PCC Cells and Solvency II

The PCC is regulated under Solvency II capital requirement rules. However, since a cell operates as a part of the overall PCC entity structure, the capital requirement for an individual cell will be commensurate only with the business written within that cell.

This means that a cell can be established with a capital requirement that will typically be far less than the equivalent that would be required for setting up a new insurance company.

Administration and Governance

The PCC provides the reporting, administration and governance that would otherwise require a costly infrastructure to be established, if setting up a new insurance company.

Unlocking New Opportunities with Atlas’s UK Branch

  • Post-Brexit Market Entry
    Post-Brexit, we secured direct authorisation from the PRA and FCA, allowing smooth UK market entry. PCC cells can now operate in the UK without needing fronting facilities.
  • Flexible and Cost-Effective PCC Structure
    Our PCC structure offers a cost-effective, flexible way to set up capacity vehicles, enabling businesses to maximise profits and control over their products.
  • Lower Capital Requirements for Cells
    Cells can be established with significantly lower capital and ongoing costs than a new insurance company.
  • Cross-Border Operations Across Europe and UK
    We operate across Europe and the UK, offering seamless cross-border access to both markets. With Malta's Freedom of Services and our UK branch authorisation, businesses can use our PCC structure to operate efficiently without duplicating infrastructure or compliance efforts, providing a streamlined insurance solution.

Contact us to learn more

Our UK branch is ready to help your business navigate the complexities of the UK and European insurance markets. Whether you’re looking to set up a cell or explore how our innovative PCC model can meet your business’s insurance capacity needs, get in touch with our team.