By Linda Nicholls and Joel Chansky

Risk and Insurance® Magazine

The advantages of managing corporate risk using a captive insurer are well-known: control over administrative costs, reduced or refunded premiums and, in many cases, tax-efficient capital usage. As is the case whenever a company retains its own risk, captives allow companies that invest in preventive risk management to accrue benefits. Generally speaking, however, captives have typically been used by larger companies because midmarket companies usually do not have sufficient premium volume to set up cost-effective single-parent captives.

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 http://www.riskandinsurance.com/story.jsp?storyId=20759337