Tailored wealth solutions designed for control and flexibility
Global Protection, Local Strength: Unit-Linked Life Assurance Solutions from Ireland and Luxembourg
We advise clients and their families in respect of flexible and effective wealth plans using insurance solutions provided from Luxembourg and Ireland. These insurance products are designed to let clients enjoy the peace of mind of knowing their wealth will be transferred as they wish.
Our unit-linked life insurance solutions are designed to meet the legal and regulatory requirements of multiple jurisdictions, offering robust protection and flexibility for internationally mobile clients.
These solutions are backed by two of Europe’s most respected policyholder protection regimes:
Luxembourg: The Triangle of Security
Policies issued by Utmost Luxembourg S.A. benefit from Luxembourg’s well-established “Triangle of Security” framework, which is designed to safeguard policyholder assets through the following:
- Assets linked to life insurance policies are held by a custodian bank approved by the Commissariat aux Assurances.
- Policyholder assets are legally separated from the insurer’s own assets and liabilities.
- Assets are protected from both the insurer and the custodian bank, ensuring security even in the event of insolvency.
- Policyholders have a first-ranking preferential claim over the assets linked to their policies.
Ireland: Solvency II and Central Bank Oversight
Policies issued by Utmost PanEurope dac are governed by the EU’s Solvency II Directive and regulated by the Central Bank of Ireland, offering strong protections including:
- Assets are maintained in independent custodian banks, subject to stringent due diligence and regular reporting.
- Policyholder assets are held separately from shareholder funds.
- The Central Bank has broad powers to intervene and protect policyholder interests.
- In the unlikely event of insolvency, policyholder claims take precedence over other creditors.
Both jurisdictions offer robust and complementary protection regimes, ensuring that policyholders benefit from high standards of asset security and regulatory oversight.
