4 April 2018
Specialist Vermont Captive Manager formed, focussing on run-off
SOBC Sandell specialises in the active and professional management of claims.
SOBC has the expertise in run-off acquisition and management, Sandell brings asset management, financial backing and financing skills.
Together, the partnership of SOBC Sandell is able to provide successful finality for non-core insurance entities. SOBC Sandell specializes in providing consultancy for, and / or the acquisition and run-off management of these entities.
SOBC was originally formed as a UK company in 2007 by the current CEO, Stephanie Mocatta.
In 2014 the team expanded and we now have operations in Connecticut, Ohio, New Jersey and Bermuda. In 2016 SOBC and Sandell Re began their current partnership - SOBC Sandell.
At present SOBC Sandell has seven owned companies under management, in Wisconsin, New York, Montana, Vermont, D.C. and Bermuda. In addition we provide insurance management services for a number of external clients.
We actively and professionally purchase and / or manage insurance entities where there may be:
As a small, privately held company, we can move quickly to get the best results for our clients.
At present SOBC Sandell has seven owned companies under management, in Wisconsin, New York, Montana, Vermont, D.C. and Bermuda. We have around US$40M of claims liabilities under management from these companies. We also have a Sponsored Cell Captive in Connecticut, which can provide LPT’s, as well as a number of third party contracts providing insurance services.
SOBC Sandell specialises in the active and professional management of claims. Once we have acquired companies, or indeed where we act as a third-party service provider, we work hard to:
We never forget our responsibility to policy holders
SOBC Sandell has a long time-frame, we are not constrained by Private Equity investors wanting a three to five year turn around, we are not listed and therefore do not have shareholders requiring a dividend stream. As such we are happy, able and properly set up to manage very long tail liabilities. A significant proportion of our business under management has a tail of over 30 years.
SOBC Sandell also provides outsourced run-off management, usually with a view to purchase after a period of time, or sorting out a specific issue, or set of issues. SOBC Sandell has a number of third party clients under management.
We are a licensed Captive Manager in Connecticut and Vermont and are also in the process of becoming a specialised Captive Manager for run-off clients in Bermuda
SOBC was originally formed as a UK company in 2007 by the current CEO, Stephanie Mocatta. In 2014 the management team was expanded, bringing in additional directors. In 2017 Sandell Re invested in SOBC and provide financial backing, asset management skills and together, as SOBC Sandell, we have significantly grown.
The management team has considerable experience in insurance management, underwriting, claims handling and settlement, reinsurance recoveries and the overall financial management of insurance entities worldwide.
In 2016 we established a back office in Ohio, with highly experienced insurance professionals, where the majority of our day-to-day operations are serviced.
Sandell Re is a Class 3 reinsurer in Bermuda, listed on the Bermuda Stock Exchange and supported by Sandell Holdings. Sandell Re bring with them not only excellent asset management skills, but also additional resources to allow SOBC Sandell to continue to expand.
Phone +44 7977 071125
Phone +1 (215) 805-0272
Phone +1 (212) 603-5713
540 Madison Avenue, 36th Floor
Telephone 212 603 5700
8200 Beckett Park Drive, Suite 201