Company Details

Captive Insurance Programs Offer Investment Income 

Captive programs have been available since the early 1900's and have evolved into many forms. In its purest definition a captive offers the customer the ability to have their own insurance company and in effect gives the customer the ability to increase net income, shelter and grow capital, and many other tax advantages, not to mention providing the flexibility to decide how and when to pay any claims.

Many organizations do not have the resources at their disposal to develop the skills & knowledge to understand the nature of risk. This leads to oversights, mistakes, omissions, or wrong choices. Inevitably increasing costs & lost time. Without the proper tools and training, they often lack the experience to put into effect the practical, cost effective methods needed in this challenging environment. The Good News is.... all this can be avoided.

We will lead you through the process of determining if a Captive Insurance Company can benefit your organization. If it does, we offer cost effective methods to establish and manage the Captive.

Why send your premiums to an insurance company, when you can send them to yourself?

Services

We guide clients through the entire captive formation & management process, step by step, in simple terms. From the initial discussion to gauge the likely suitability for a captive, we help in seeking a suitable name, assisting with the business plan, forming the company and providing all underwriting support.

We work with insurance brokers, reinsurance brokers, fronting insurers, actuaries, tax advisors and other service providers in designing the captive. Our services include:

Our services include: 

• Captive consulting
• Strategy Sessions
• Group captive development
• Cost/Benefit Analysis
• Benchmarking services
• Captive feasibility studies
• Choose the best domicile
• Form the new captive
• Structuring the captive
• Selecting Service Providers
  • Third-party administrator
  • Law firm
  • Actuarial firm
  • Accounting firm
  • Captive manager
• Facilitate introduction to Insurance Commissioner
• Secure Reinsurance
• Program Implementation
• Special Projects
• Captive Board Representation
• Arrange Risk Management workshops
• Arrange Loss reduction programs
• Assist in ongoing management of captive
• Service-quality surveys
• Monitored claim reporting
• Optional, ongoing captive management services
  • Filing DOI regulatory forms and IRS tax forms
  • Reserve adequacy studies
  • Rating agency relations (Weiss, Standard & Poors, Etc.)
  • Any additional services required by law or the client 

Initial Consultation 

• Overview of how a successful captive insurance company is formed
• How rent-a-captives work and when they are a good choice.
• Evaluate the protected cell captive concept
• Understand the difference between a risk retention group and an association sponsored captive
• See how wholly owned, group, and rental captives compare to traditional alternatives
• An overview of captive friendly locations and the benefits of each
• Find out what must be done to make a group captive succeed
• Get expert insight into what should be covered by a captive feasibility study