Securis opened its Bermuda office in May 2014 in order to capitalise on the opportunities within the Bermudian reinsurance and retrocession market and to gain to closer proximity to the North American market. Bermuda is considered a global centre of reinsurance, and is now one of the largest markets in the world in terms of worldwide property catastrophe capacity. Securis ILS Management Ltd is regulated as an agent and an insurance manger by the Bermuda Monetary Authority (BMA) and operates several special purpose insurer vehicles.
Terms and Conditions of Use
This Website is provided by Securis Investment Partners LLP (“Securis”). By accessing or using this Website, you accept and agree to comply with these Terms and Conditions of Use (“Terms”). These Terms are a binding agreement between you and Securis, and govern your access and use of this Website, which includes any text, graphics, user interfaces, information, data, tools, products, services and other content (collectively, the “Content”) available on or through this Website. You may contact Securis by e-mail at firstname.lastname@example.org with any questions about these Terms.
1.Use of this Website
Securis grants you a limited right to use this Website. Your right to use this Website is subject to your agreement to abide by these Terms in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of this Website. We may revoke your right to use all or any portion of this Website at any time and for any reason. You may not violate or attempt to violate the security of this Website.
If for any reason any part of these Terms is deemed to be unenforceable then the validity of the remaining terms shall not be affected. All disclaimers, terms, conditions as set out in this Website shall form part of these Terms.
This Website is not directed at, or intended for use by, any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
In the United Kingdom, this Website is directed only at persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”) or Article 14 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (“CIS Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order or Article 22 of the CIS Order; or (iii) any other persons to whom such communication may be made in accordance with the relevant provisions of the FCA Conduct of Business Sourcebook. It must not be used by, or relied upon, any other persons.
The Content is not intended for the account of U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) other than persons who are “qualified purchasers” (as defined in the United States Investment Company Act of 1940, as amended, and/or “accredited investors” (as defined in Rule 501(a) under the Securities Act).
3.No Offer or Solicitation
This Website is not intended and must not be construed as an offer or solicitation to purchase, or an offer to sell, shares of any fund or another investment product mentioned on this Website (the “Fund”) in any jurisdiction. In particular, this Website is not intended as marketing of any Fund in any member state of the European Economic Area for the purposes of the EU Directive 2011/61/EU on Alternative Investment Fund Managers.
Any offer will only be made on the basis of the prospectus or offering memorandum relating to the relevant Fund. PROSPECTIVE INVESTORS SHOULD REVIEW THE PROSPECTUS OR OFFERING MEMORANDUM, INCLUDING THE RISK FACTORS, BEFORE MAKING A DECISION TO INVEST. Prospective investors should rely only on the prospectus or offering memorandum in making a decision to invest, even if certain descriptions contained on this Website may be more detailed than those contained in the relevant prospectus or offering memorandum. Subscriptions may only be made on the terms of the relevant prospectus or offering memorandum and subject to completion of a subscription agreement. In addition, any investment or transaction will be subject to applicable legal and regulatory restrictions, including the prospective investor meeting applicable eligibility criteria.
4.No Investment Advice
This Website is not intended to influence you in making any investment decisions and should not be considered as advice or a recommendation to invest. The Content may not be suitable for all investors, and investors must make their own investment decisions using their own independent advisers and must base their decisions on the relevant offering material and legal documentation in relation to the specific investment.
Users of this Website should be aware that Securis is not acting for, or advising them, and is not responsible for providing them with the protections available under the UK regulatory system. Compensation will not be available from the UK’s Financial Services Compensation Scheme.
5.Nature of the Content
The Content is intended only for information purposes and convenient reference and is not intended to be complete. It is not intended to provide, and should not be relied upon, for accounting, legal or tax advice or investment recommendations. You should consult your tax, legal, accounting or other advisors about the issues discussed on this Website.
Although the Content is believed to be correct and accurate at the time of inclusion, Securis makes no representation or warranty as to the accuracy or completeness of any such information or content. Any analysis contained on this Website is based upon a number of assumptions. Changes in such assumptions could produce materially different results. The Content is not intended to forecast or predict future events. All opinions, projections and estimates constitute the judgment of the author as of the date on which this Website was last updated. Securis assumes no duty or responsibility to update this Website, and any views, forecasts, estimates or opinions expressed on this Website may change without notice.
Investing entails certain risks, including the possible loss of the entire capital invested. The Funds and services of Securis may entail substantial risks and are not suitable for certain investors. Most of the protections provided by the UK regulatory system will not apply to investments in a Fund. Investment in a Fund may expose an individual to a significant risk of losing all of the property or other assets invested.
Some, but not all, of these risks are contained in the relevant prospectus or offering memorandum. Potential investors should familiarize themselves with these risks and obtain advice from their own tax, financial, legal and other advisors and only make investment decisions based on the investor’s own objectives, experience and resources. Please note the following general risk warnings: (i) Investment in a Fund is speculative and involves a substantial degree of risk. No guarantee or representation may be made that a Fund will meet its investment objectives, or avoid substantial or total losses; (ii) Past performance of an investment is not a reliable indicator or a guarantee of future results; (iii) the value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested; (iv) Fluctuation may be particularly marked in the case of a fund with higher volatility and the value of an investment may fall suddenly and substantially; (v) A Fund may be leveraged, may invest in illiquid securities and may engage in other speculative investment practices that may increase the risk of investment loss; (vi) Investment in a Fund should be considered illiquid. There is no secondary market for the investors’ interest in a Fund and none is expected to develop; (vii) If a Fund holds securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. Rates of exchange may also cause the value of investments to go up or down; (viii) Where charges are taken wholly or partly out of a Fund’s capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained.
7.Limitations of Liability
Securis assumes no responsibility or liability for the correctness, accuracy, timeliness or completeness of the Content, for any viruses contained in, or attached to, this Website or for any loss, damage or lost opportunities resulting from the use of the Content.
To the maximum extent permitted by applicable law or regulatory requirements, neither Securis nor any of its affiliates, directors, employees or other representatives shall be liable for any errors, inaccuracies or omissions on this Website or for any loss or damage resulting from its use, whether caused by negligence or otherwise. This limitation of liability includes any damages, losses, costs, claims, liabilities or expenses arising out of or in connection with the use of this Website (whether under contract, tort, statute or otherwise arising). This limitation of liability shall apply to all damages, losses, costs, claims, liabilities and expenses of any kind whether direct or indirect and consequential, including (but without limitation) any indirect, special, indirect or consequential damages arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Website, legal costs or expenses, direct loss of profit, direct loss of anticipated savings, loss of data, indirect loss of profit, indirect loss of anticipated savings, loss of revenue, loss of business, loss of use of money, loss of opportunity or loss of or damage to property and/or any wasted expenditure and third party claims.
As a condition of your use of this Website, you agree to indemnify and hold Securis harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to legal fees) arising from your use of this Website, or from your violation of these Terms.
9.Third Party Websites
Where this Website contains links that lead to third party websites, these links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the materials appearing in such sites. Securis accepts no responsibility for the content of third party websites.
We may collect personal information about you through: (i) your completion of registration or subscription forms or as otherwise provided by you through this Website; and (ii) information you provide relating to your transactions with Securis or its clients. We may also collect information about your visits to this Website through use of internet “cookies” (an information collecting device from a web server) as described further below.
We may use such personal information for the purposes of administering the relationship between us, marketing of products and services, monitoring and analysing our activities, and complying with any legal or regulatory requirements. We may transfer the personal data we hold about you or individuals associated with you to any country, including countries outside the European Economic Area, for any of the purposes described above. We may also transfer your personal information to a third party to whom we transfer any of our rights or obligations under any agreement, or who acquires an interest in any of Securis’s assets, or in connection with a sale of its shares or the merger or consolidation or other transfer of the assets of Securis, whether voluntarily or by operation of law, to such third party, or who is otherwise deemed to be a successor or transferee. We may disclose any personal information if we are required to, requested by or permitted to do so by a court of law, by any governmental or law enforcement agency, including the police, or in connection with legal proceedings or where required by our website internet service provider. We may also disclose any personal information if we determine it is necessary or desirable to comply with any law or to protect or defend our rights or property.
Although we will do our best to protect your personal information, we cannot guarantee the security of your data transmitted through this Website. Any transmission of data is at your own risk.
We may send text files (e.g., “cookies” or other cached files) or images to your web browser to store information on your computer. Such text files and images are used for technical convenience to store information on your computer. For instance, we may use a session cookie to store form information that you have entered so that you do not have to enter such information again. We may use information stored in such text files and images to customize your experience on this Website and to monitor use of this Website. You may set your browser to notify you when you receive a cookie. Many web browsers allow you to block cookies. If you do block cookies you may not be able to access certain parts of this Website. You can disable cookies from your computer system by following the instructions on your browser or at www.allaboutcookies.org.
You may have certain rights under applicable data protection laws which may include the right for you to receive a copy of the personal information we hold about you. For a copy of your personal information please write to us at the address provided below. We may charge you a nominal fee for complying with such a request in accordance with applicable law. In addition, you may have a right to request that personal data provided on this Website is corrected, blocked or deleted, if the data is factually incorrect, incomplete or irrelevant for the purposes described in these terms and conditions.
If you have any questions about the use of personal information, please contact email@example.com.
11.Intellectual Property and Copyright
The entire content of this Website is subject to copyright and intellectual property rights of Securis with all rights reserved. The Content may not be redistributed in whole or in part, stored in a retrieval system, modified, linked into, republished, uploaded, transmitted in any form or by any means electronic or mechanical, or by photocopying, recording or otherwise without the express prior written permission of Securis.
The names, logos, or identifying marks relating to the products and services of Securis are proprietary trademarks/service marks and may not be used in any way without express prior written consent of Securis. If you download or print out a hard copy of individual pages and/or sections of the Website, you may not remove any copyright or other proprietary notices.
12.Amendments to these Terms
We may update and modify these Terms from time to time. Such modifications shall be effective immediately upon posting to this Website. You should review this page from time to time to take notice of any modifications we make.
13.Law and Jurisdiction
These Terms and any and all disputes or claims arising out of or in connection with them (whether contractual or non-contractual) shall be governed by and shall be construed in accordance with English law. All disputes arising out of or in connection with these Terms (whether contractual or non-contractual) shall be subject to the exclusive jurisdiction of the English courts. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.