Forming a Captive
Forming a Captive
selfinsurancemarket.com
Before forming a captive it is essential to perform a feasibility study to determine whether or not a captive is a viable proposition. Part of the feasibility study involves a review of a company's current insurance program to determine suitability by comparing to what might be achievable under a captive scenario.
Forming a Captive
selfinsurancemarket.com
Front companies play a pivotal role in captive programs as they provide the ability to issue insurance policies when captives are precluded through not being licensed.
Forming a Captive
selfinsurancemarket.com
Selecting a domicile is a key decision and one that is made at an early stage as regulatory factors will have an impact on how a captive program is put together.
Forming a Captive
selfinsurancemarket.com
With the exception of the largest and most established captives, the majority of captives are managed by third parties that have special expertise in captive management.
Forming a Captive
selfinsurancemarket.com
When selecting a captive manager, several issues need to be considered.
Forming a Captive
selfinsurancemarket.com
Information about forming a captive.
Forming a Captive
The ability to access the reinsurance market allows the captive manager to approach any reinsurer that is acceptable to the fronting company.
Forming a Captive
Captive users have the choice of a single owned approach (pure captives and rent-a-captives) or a group captive approach.
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