Structure and Shareholder Involvement

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Titan Insurance, Ltd. is licensed and managed in the Cayman Islands to reinsure risks from the policy issuing insurance company that is licensed and provides coverage in the United States. The types of coverage reinsured by Titan Insurance, Ltd. are Workers’ Compensation, General Liability, Automobile Liability, and Physical Damage.

Each shareholder, regardless of premium size, has one vote. A simple majority governs. Titan Insurance, Ltd. generally follows a three-year accounting cycle. Each policy year's results stand alone and will not be considered for distributions until the end of the third year after the policy year end or as determined by the Board of Directors.

Titan Insurance, Ltd.'s management strength lies in a strong committee structure and the individual involvement of all directors during frequent meetings held both in the Cayman Islands and other locations outside the United States. Presently, the Committees and their primary responsibilities are:

  1. Underwriting - Advises the Board on desirable risks to be assumed and ensures these risks are adequately underwritten.
  2. Risk Control - Sets loss control goals for the members. Reviews loss control reports and works with members to meet the required loss control goals of Titan Insurance, Ltd.
  3. Finance and Investment - Advises the Board on policies for the investment of Titan Insurance, Ltd. assets and reviews the annual audited financial statements.

Each shareholder is encouraged to attend all Titan Insurance, Ltd. meetings and actively participate on the Committee of his/her choice. The Board will rely on the recommendations of these Committees to establish policies.