Captive Formations

Learn about how the COVID-19 pandemic is impacting captives

Risk Partners is recognized as an industry leader in the structure and placement of captive insurance programs both onshore and offshore.

A captive is an insurance company that insures the risks of its owner, affiliated businesses, or a group of companies. A Single Parent Captive is owned and controlled by one company and insures that company and/or its subsidiaries while a Group Captive is an insurance company owned and controlled by two or more non-affiliated organizations insured by the captive.

The captive structure reduces the dependence on commercial insurance markets. This increases the insured’s ability to manage losses, direct the use of surplus, purchase reinsurance on a direct basis, select service providers, and optimize tax efficiencies. Captive structures designed by Risk Partners have helped clients from all industry groups manage risk more effectively while also participating in underwriting profit and investment income.

Typical coverages include Workers’ Compensation, Automobile Liability, General Liability, Medical Professional Liability and custom manuscripted coverage solutions.

According to Gary Osborne, manager with Risk Partners Captive, the hardening market has encouraged commercial property companies to reconsider their insurance arrangements. Check out this article to find out the advantages that captives offer, that can translate to better or cheaper coverage for you.

We have a few helpful resources. Read our blog to learn more about captives and the advantages they provide. Need more information? Here’s how to start a captive.