Alternative Risk Financing Facility(redirected from Alternative Risk Financing Facilities)
Alternative Risk Financing Facility
An insurance company that provides a wide variety of products not otherwise available to its policyholders. While the products themselves are fairly standard, the policyholders of alternative risk financing facilities often cannot obtain them because policies are too expensive or because the individuals or companies involved cannot qualify as self-insurers. Most alternative risk financing facilities maintain their headquarters in Bermuda.