Formation and Management Services
We can help your company or association develop a captive insurance company business plan, choose a captive domicile, navigate you through the captive formation process, manage your captive insurance company, Risk Retention Group (RRG), small captive insurance company, or other Alternative Risk Transfer (ART) vehicle and as a Bermuda broker, place its reinsurance needs.
Organizations that now have a captive insurance company, regardless of its domicile, may question whether they are maximizing its financial leverage or risk-taking capabilities, or is it registered or operating in the right domicile. These are key questions and important points for making your captive a valuable financial asset of your corporation or association.
We stand ready to assist in any of these areas and look forward to providing answers to your questions.
Reasons to consider for forming a captive insurance company…
- Reduce traditional insurance costs.
- Pre and post loss risk management control.
- Provide coverage(s) not otherwise available.
- Capture underwriting profits and investment income from paid-in premium.
- Benefit from actual loss experience versus industry-wide and/or underwriters' perception of potential for adverse loss experience.
- Possible tax benefit
Selecting a domicile
Domiciles:
Bermuda
South Carolina
District of Columbia
Montana
Nevada
Preferred Service Providers:
Avatar (education and training programs)
Bartlett Actuarial Group (actuaries)
CompResponse (claims cost management)
Engle Martin Claims Administrative Services (EMCAS)
Hodes, Ulman, Pessin & Katz (attorneys)
Johnson Lambert & Company (accountants and tax consulting)
Merrill Lynch (investment advisors/managers)
Milliman USA (actuaries & consultants)
MIMS International, Ltd. (insurance broker)
Moulton, Bellingham, Longo & Mather (attorneys)
Muldoon, Murphy & Aguggia (attorneys)
Sowell, Gray, Stepp & Laffitte (attorneys)
Presentations:
Captives: An Alternative Form of Self-Insurance Providing a Combination of Financial Advantages
Medical Malpractice Alternative Risk Transfer Presentation
ABC's of captives presentation
SCCIA Road-Show Presentation (Orlando, FL)
Small Captive Insurance Companies
Association Captives
SIIA - Captive Benefits to TPAs, MGUs, Excess Insurers
Articles:
Article Archive
Links with more information on captives:
Captive.com
Montana Captive Insurance Department
Captive Insurance Companies Association
Bermuda Insurance Institute
Captive Insurance Council of the District of Columbia
(Founding Member)
District of Columbia Department of Insurance and Securities Regulation
(DC Captive Insurance Company Advisory Board Member)
South Carolina Captive Insurance Association
(Founding Member)
South Carolina Department of Insurance
Montana Comissioner of Insurance and Securities
Contact The Taft Companies
Home