Brown Brothers Harriman has launched a new institutional trust company incorporated in the State of New York, expanding BBH’s servicing suite for insurance and reinsurance firms and their institutional trust arrangements governed across multiple jurisdictions. The BBH Institutional Trust Company of New York will be led by Diane Wiley, SVP and head of insurance relationship management for investor services.
The new entity enables BBH and its clients to meet regulatory requirements for non-admitted reinsurers and supports credit for reinsurance requirements. The trust company will facilitate cost-efficient collateral solutions for insurers, reinsurers, captive insurers, special purpose vehicles and ILS (insurance linked securities) fund managers.