Company Details

Overview -- We have extensive, recent experience with a wide variety of alternative risk transfer methods of self-insurance. In the past decade, we have assisted in the formation and operation of more than 200 alternative risk transfer mechanisms, including captives, risk retention groups, self-insurance funds, and workers’ compensation trusts.  

• Our work has occurred in various alternative risk venues including Alabama, Anguilla, Arizona, Barbados, Bermuda, Cayman Islands, Delaware, Hawaii, Kentucky, Nevada, North Carolina, South Carolina, Tennessee, Turks & Caicos Islands, Utah, Vermont, and Washington DC. 

Feasibility Studies -- Our role for our alternative risk clients has frequently included performing feasibility studies. These feasibility studies have generally involved: 

• Projecting the historical claims costs for the parent and comparing the projections to benchmark rates charged in the competitive market.
• Providing recommendations related to excess insurance/reinsurance structures, limits, retentions and coinsurance percentages. 

Ongoing Consulting Services -- We have extensive experience providing services to alternative risk transfer entities on an ongoing basis. This work includes: 

• Preparation of loss cost studies for the applicable exposures and proposed coverages.
• Development of rates, rate structures and rating rules, including experience rating and retrospective rating plans where applicable.
• Preparation of financial projections based on the proposed rates, budgeted expenses and anticipated claims under various confidence level scenarios.
• Assistance with decisions related to the appropriate level of capitalization.
• Preparation of actuarial information for reinsurance submissions.
• Negotiating with reinsurers, participation at steering committee meetings.
• Assistance with development of risk management protocols.
• Assistance with developing management information, and underwriting of large accounts.
• Market studies of overall rate levels and rate factors charged by traditional insurers.