Refinancing Programs

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┬ápremium 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.