Insurance regulators in your captive's domicile — as well as your reinsurance companies — need to know that the bank that issues your letter of credit is both strong and experienced. Comerica has been helping businesses succeed for nearly 150 years and is one of the few U.S. banks with a dedicated captive insurance group. We can structure a credit facility to meet your letter of credit needs.
Comerica is a premier provider of letter of credit services. Our continued financial strength and capital position offer customers unparalleled security and assurance. Our expertise enables us to help you structure your letter of credit at competitive rates to meet your specific needs.
As one of the top standby letter of credit issuers in the nation, Comerica has extensive experience in standby letter of credit structuring and confirmations. Our people are highly skilled in providing consultation and quickly tailoring standby letters of credit to fit your specific needs. Plus, Comerica has the strong credit rating required for acceptance of a standby letter of credit.
We can also provide short-term liquidity or foreign exchange lines of credit for captive insurance companies. Plus, we can develop substantial direct and syndicated committed lines of credit for insurance companies.