Captive Insurance Services
...financing retained losses in a formal structure
Developing and assisting in the implementation, post-implementation and ongoing advisory support of a client's captive insurance programme from conducting initial feasibility studies to actively interfacing on a client's behalf with insurers, reinsurers, brokers, managers, regulators and other key stakeholders.
Our highly experienced professional staff in this area will help you:-
- Draft your domicile Business Plan in a regulator-friendly format
- Monitor the application and insurance licencing process to ensure timely approval
- Determine and advise on company form
- Negotiate with key service providers (e.g. Captive Managers or Third Party Administrators)
- Structure and source required reinsurance support
- Select Legal Advisors, Banks, Investement Advisors, Actuaries, and Accountants
- For self-managed captives, locate and secure suitable office space and associated infrastructure support services, draft job specifications and to recruit your new management team and staff
- Supply and/or recommend non-executive member/s of the board to meet local regulations
- Implement a professonal, tried and tested operational framework including the development of Procedure Manuals and associated operational documentation
The breath of these services can be narrowed or expanded to meet your needs, dovetailing with your existing services providers and risk management capabilities/appetite as you deem fit.