Captives
"We are professionals of insurance companies, we don't sell insurance. Our responsibility is to see that the fiduciary aspect of the insurance business is complied with, that the insurance company is capable of paying losses when they occur. Our expertise is in protecting the net assets of the captive."
-Frederic Reiss, Founder of Captive Insurance
- Financial / Insurance Benefits
- Captive vs. Insurance Market
- Tax Advantages
- Pure (Single Parent)
- Association/Group
- Rent-A-Captive
- Segregated Portfolio Company
- Risk Retention Group
- Typical Captive Lines
- Reasons to Form a Captive
- Qualifications
- Steps
Forming a Captive
Reasons to Form a Captive:
- Lower transaction costs and administration expenses compared to traditional insurance programs.
- Through the retention of underwriting profit and the investment income earned on loss reserves, the net cost of insurance can be reduced.
- Maximization of the benefits of effective cash management through being able to control the flow of funds to and from the captive leading to a more efficient use of capital.
- More Reasons