Salvus Bain Management (USA) LLC is a wholly owned subsidiary of Sunderland Marine. Sunderland Marine has an 'A' (stable) credit rating from the financial rating agency Standard and Poor's.
Sunderland Marine benefits from a parental guarantee issued by North. This guarantee covers Sunderland Marine’s payment obligations to policyholders and is unconditional, continuing and binding upon North. Sunderland Marine policyholders are express third party beneficiaries of this guarantee. The obligations of North under this guarantee rank pari passu with North’s own policyholder obligations.