Royal Bank of Canada Insurance Company Ltd. was founded 1987, and is based in Barbados. RBC Reinsurance (Ireland) Limited was founded in 1998, and is based in Dublin, Ireland. Both entities are wholly owned by Royal Bank of Canada.
Reinsurance transactions normally take place between insurance companies, with the primary purpose of transferring risk from one insurance company to another insurance company. RBC Insurance focuses on two main areas of reinsurance: life retrocession and trade credit & financial products.
We continue to build upon our well established presence in the international reinsurance market by actively researching new opportunities and product lines, while maintaining each of our programs within the risk appetite of the organization.