We specialize in the design of risk transfer programs using captive insurance and other non-traditional insurance mechanisms. Our tailored solutions include public, private and not for profit entities in a variety of industry segments, including financial institutions, retail, transportation, manufacturing, construction, healthcare and utilities.
WHAT IS A CAPTIVE?
A captive is an insurance company controlled by its policyholders with the main function of insuring the risk exposure of its owners and affiliates.
A captive is an insurance company that operates just like a traditional insurance company, with one key difference: you are the owner of the company, and all profits are paid to you, rather to a third-party. A captive insures the risk of its owner and affiliated businesses. Captives issue policies, collects premiums and pays claims. This structure allows for you to customize the insurance program to best suit your needs.
WHY FORM A CAPTIVE?
For risks that a company elects to retain and self-insure, a captive insurance program offers significant benefits compared to self-insurance.
For risks that a company seeks to transfer, captives can provide a cost-effective alternative to traditional third party coverage.
Captives are set up for five main reasons:
Cost efficiency
Optimization of prices, openings and capacities
Control
Increase control and flexibility over risks & coverage design
Capacity
Efficient access to global reinsurance markings
Performance
Financial alignment with productive and commercial strategies.
Better management of the cash flow and financial income
Global footprint
Strategic partners that operate in all locations where the group has a presence
The team's expertise include:
FEASIBILITY & CONSTITUTION
We study the viability of captive companies and the appropriate type for each specific case, as well as the most appropriate address for the captive according to the legislation and the risks to be assumed. We also evaluate the risks, analyze the captive's holding capacity, optimize the structure for transferring risks to the market and value reserves.
CAPTIVE INCORPORATION & ONGOING MANAGEMENT
We collaborate with you in the incorporation of the company, preparing the application and meetings with regulators, recommendation of directors, etc. Additionally, we take on the responsibility of administration and general management of the captive, verifying compliance with the applicable regulations, controlling the accounting and financial services, and advising on the preparation of the insurance program and claims management.
PRODUCT DESIGN & ADMINISTRATION
We design programs that provide the most cost-effective coverage for your insurance needs, taking into account available capital and your appetite for risk. Our services include, underwriting, policy processing, premium collection, claims and administration.
STRATEGIC PARTNER[ + ]