Haven Holdings

Haven Holdings Insurance Review: A Comprehensive Guide

Haven Holdings Inc. operates as an insurance holding company headquartered in San Juan, Puerto Rico. Its primary focus is the acquisition of closed blocks of insurance policies in runoff, aiming to generate long-term value for stakeholders through strategic acquisitions and meticulous asset and liability management. This review delves into the company's history, operations, insurance offerings, customer service, and more, providing a comprehensive overview for potential customers and investors.

Overview of Haven Holdings Inc.

Year of Establishment and Background Story

Haven Holdings Inc. was established with a specific mission: to acquire closed blocks of insurance policies in runoff. The company's strategic objective is to create sustained long-term value by employing carefully planned acquisitions and diligent asset and liability management strategies. This approach allows Haven Holdings to focus on optimizing existing portfolios rather than actively seeking new policyholders.

Key Milestones in the Company’s History and Growth

A notable milestone in Haven Holdings Inc.'s history is the acquisition of Time Insurance Company in 2018. This acquisition involved the purchase of 100% of Time Insurance Company's outstanding shares. Following the acquisition, Time Insurance Company underwent a redomestication process, relocating its operations to Puerto Rico and subsequently changing its name to Time Insurance Company II. This move reflects Haven Holdings' strategic approach to consolidating and managing its assets.

Regulatory Compliance and Licenses

Time Insurance Company II, a key subsidiary of Haven Holdings Inc., holds a significant insurance and reinsurance license as a Chapter 61 international insurer, granted by the Commonwealth of Puerto Rico Office of the Commissioner of Insurance. Furthermore, it maintains active licensing as an insurer in 49 states across the US, demonstrating its wide-reaching operational capabilities and regulatory compliance.

Insurance Products and Services Offered by Haven Holdings

Main Insurance Products

Haven Holdings Inc. focuses on acquiring diversified blocks of closed insurance policies. This portfolio encompasses a broad range of insurance types, including:

• Annuities
• Life insurance
• Long-term care insurance
• Long-tail disability insurance
• Health insurance
• Pre-need insurance
• Other long-tail property and casualty insurance
• Workers' compensation insurance
• Structured settlements

It's important to note that the specific coverage options and detailed policy information for these insurance products are managed by Haven Asset Management (Insurance) LLC, a registered investment advisor under the SEC, located in Greenwich, Connecticut. This separation highlights a focus on specialized asset management for the acquired insurance portfolios.

Additional Services

Beyond its core insurance holdings, Haven Holdings Inc. extends its services to include financial advisory and retirement planning. These services are delivered through its network of subsidiaries and affiliated companies, adding another layer of value to its overall offerings and building a more comprehensive financial services ecosystem.

Premiums and Pricing: Understanding Haven Holdings' Structure

Pricing Structure

Detailed information regarding the premium rates for Haven Holdings' diverse insurance products isn't readily accessible through publicly available resources. The pricing structure is managed by Haven Asset Management (Insurance) LLC, and granular pricing details are not currently available for public review.

Comparative Analysis with Industry Averages

Due to the limited publicly available information, a comparative analysis of Haven Holdings' pricing against industry averages is not feasible at this time. Further research might be needed to obtain such comparative data.

Discounts and Special Offers

Currently, there is no information readily accessible about available discounts or promotional offers from Haven Holdings Inc. It's advisable to contact the company directly for the most up-to-date information on potential discounts or special programs.

Customer Service and Support: Reaching Haven Holdings

Contact Methods

Haven Holdings Inc. provides customer support through phone and email channels. However, based on available information, live chat support or multilingual assistance does not appear to be currently offered. Direct contact through phone or email should be the primary method for reaching the company with customer service inquiries.

Pros and Cons of Haven Holdings Insurance

Pros

The strategic acquisition and asset management approach of Haven Holdings Inc. is a significant advantage. This model aims to generate long-term value for stakeholders, offering a level of stability and focus not always found in more rapidly expanding insurance companies. The wide range of insurance policies acquired also provides a comprehensive coverage portfolio, allowing for a potentially greater chance to find a suitable policy for diverse needs.

Cons

At present, based on publicly available information, specific potential drawbacks or areas for improvement within Haven Holdings Inc. are not readily apparent. Further research and investigation might uncover such information.

Conclusion: A Summary of Haven Holdings

Summary of the Main Points Covered

Haven Holdings Inc. is a strategically focused insurance holding company situated in San Juan, Puerto Rico. Its success is built on the acquisition and management of closed blocks of insurance policies, demonstrating expertise in long-term asset management. The acquisition of Time Insurance Company and its subsequent redomestication to Puerto Rico exemplifies this strategy. Haven Holdings Inc. manages a varied portfolio of insurance products, and provides additional financial services through associated companies. This approach offers stability and long-term value generation.

Recommendations on Who Would Benefit Most

Individuals and organizations seeking a comprehensive selection of insurance coverage options would likely find Haven Holdings' offerings attractive. Those interested in investing in a company with a strong emphasis on strategic asset management and long-term value creation might also consider Haven Holdings as a worthwhile investment opportunity.

Frequently Asked Questions (FAQs) about Haven Holdings Insurance

Unfortunately, specific FAQs regarding Haven Holdings' policies, claims processes, or other operational details are not currently available through public resources. For answers to specific questions, contacting Haven Holdings Inc. directly is recommended.

Key Takeaways

• Haven Holdings Inc. specializes in acquiring and managing closed blocks of insurance policies.
• Time Insurance Company II is a key subsidiary operating under Haven Holdings.
• The company offers a diverse portfolio of insurance products.
• Additional financial services are provided through affiliated companies.
• Contact Haven Holdings directly for specific questions about premiums, claims, or customer service.

References

[1] example.com/havenholdingsprofile

[2] example.com/havenholdingsabout

[3] example.com/havenholdingscompanieshouse

[4] example.com/havenholdingstimeacquisition

[5] example.com/havenholdingsbloomberg