CAPTIVE MANAGEMENT SERVICES

Businesses, financial institutions and trade groups can benefit from our range of captive insurance management services.

This is provided in partnership with Guernsey’s largest independent captive management business, which specialises in the formation, management and operation of captive insurance companies including protected cell companies. 

Guernsey is considered to be one of the world’s foremost insurance domiciles and Europe's leading centre for innovative alternative risk solutions. Over 40% of the top 100 FTSE companies have chosen Guernsey as their home for their captive insurance companies. Guernsey was the first domicile in the world to introduce the Protected Cell Company (PCC) concept which has become a hugely popular insurance vehicle around the world.

The advantages of a captive insurance model are that:

• Its existence facilitates an ongoing evaluation process to monitor that the coverages provided continue to meet the organisation's needs and that the terms and prices there of remain attractive
• Greater flexibility in policy creation, timing of premium payments and claims settlement.
• Improved risk management efficiency as result of incentive created with the company's retention of risk within its captive.
• Insurance cost predictability ensuring the preparation of more reliable budgets
• Offers alternative cover that the conventional market either doesn’t supply or is too expensive.
• Potential to accrue investment income on outstanding claim reserves.
• Premiums in excess of claims paid and captive’s expenses are retained within the captive and hence within the organisation.

Any organisation or even a mutual trade group can benefit from using a captive management insurance model, provided the total premium exceeds £250,000/$500,000 for a captive or £150,000/$300,000 for a protected cell company.

Captive management insurance services:

• Feasibility Studies:
  Eligibility
  Due diligence
  Modelling
• Structured solutions for self insurers:
  Captive
  Protected cell company
  Choice of domicile including both on and off shore jurisdictions in Europe or Bermuda
• Management services:
  Incorporation
  Regulatory approvals
  Regulatory compliance
  Administration
  Corporate governance
  Corporate secretarial
  Insurance and reinsurance programme structuring
  Premiums and claims processing
  Letters of credit facilitation
  Investment strategy implementation
  Accounting
  Financial statement preparation
  Regulatory filings and other financial reportings
  Fiscal representative for UK insurance premium tax

For more information on captive insurance and captive management please contact: