Deciding to establish or join an existing captive is strategic. It requires a detailed assessment of your risk exposures, attitude to and appetite for holding risk, as well as a long-term commitment to optimise the balance between self-insurance and risk transfer to the markets.
We simplify this process, providing you with all the information you need to determine if this model fits your risk profile. By moving to our captive models, you will retain underwriting and investment profits, improve cash flow, and establish new revenue streams.
Suitable for companies with premiums from about €175,000 a year
A RAC is defined as “an arrangement whereby a capital base is accessed by a third party that wishes to form a captive but without the cost or time involved in having to incorporate a separate entity”. It gives the entity a shared interest in the underwriting insurance profits.
The benefits of a RAC, in addition to the ease of setup and exit, when compared with an owned captive, are the same as with all captives, including:
Discuss captive concepts
Review process and timelines
Generate agreement against objectives and client requirements
Review insurance program
Process and analyze data
Consider important elements, including domicile, type of captive entity, lines of business
Present report to client
Respond to any questions and complete any additional feasibility work
Client determines whether to proceed with a captive formation
Suitable for companies with premiums in excess of €1m a year
A captive is a licensed insurance company fully owned and controlled by its insureds – a type of “self-insurance.” Instead of paying to use a commercial insurer’s money, the owner invests their own capital and resources, assuming a portion of the risk. The balance is assumed by another insurance company known as a “reinsurance” company. Captive insurance is an option worth exploring if your company is looking for a way to insulate itself from risk that the commercial insurance market can’t cover.
Our insight is the result of decades of experience working with Insurance institutions. With direct access, this gets you the best possible advice…
We focus on captive insurance structures
We have no external shareholders and act entirely in your best interests
From 170+ Insurers and international markets
We build strong, long-term relationships with our clients and insurers
We never compromise on cover to protect your business
Over 60 years of combined Insurance