Refinancing Programs

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We have successfully assisted banks in the implementation and management of premium finance programs. Premium financing can provide your private banking clients a unique investment opportunity and provide your bank with three new revenue sources:

  • – More assets under management (to close the collateral gap)
  • – Insurance commissions revenue
  • –¬†Revenue on interest charged

Aurora Capital provides a turn-key platform for banks to implement¬†premium financing. In today’s marketplace, main insurance carriers require advisors to use an approved third party administrator. As a carrier approved third-party administrator in the premium finance space, Aurora Capital provides banks the following:

  • – Liaising between bank and insurance carrier (low point request, policy management)
  • – CFA level analysis of index allocations
  • – Education for private bankers and full sales support
  • – Assisting in structuring the credit facility
  • – Full service case design and stress testing
  • – Annual reviews, recommendations and credit and insurance policy monitoring
  • – Full supporting legal documentation

To learn more about our services, please contact us.