Single Owner Captives Captives (All classes)

Captives are insurance companies that are established under specific on-shore and off-shore legislation to enable their parents to retain risk and self-insure. Captives companies require minimal capital compared to the cost of establishing a general insurance company and are able to develop expertise, develop reserves and provide insurance coverage for the benefit of their owners.

A Pure Captive, sometimes known as a single parent captive, is an insurance subsidiary that only provides insurance to cover the loss exposures of its parent. Whilst no insurance risk is transferred out of the organisation other than by way of reinsurance to protect the captive, a pure captive allows a company to monitor its operational risks, review its loss exposures and to provide efficient claims management to its subsidiaries. When the parent company is assuming the additional risk, it is more likely to better control its loss exposures and achieve claims savings, at the same time reducing its premiums.